Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts:

December 4 Freight charge for merchandise purchased $52

December 7 Delivery charge for shipping to customer $76

December 12 Purchase of office supplies $41

December 18 Donation to charitable organization $60

If, in addition to these receipts, the petty cash fund contains $258.50 of cash, the journal entry to reimburse the fund on December 31 will include:

*This is the exact question and information provided.

Answer Options

• A credit to Cash of $241.50.
• A debit to Transportation-In of $93.
• A credit to Cash Over and Short of $12.50.
• A debit to Petty Cash of $93.
• A credit to Office Supplies of $76.