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Havermill Co. establishes a $250 petty cash fund on September 1 On September 30, the fund is replenished. The accumulated receipts on that date represent
Havermill Co. establishes a $250 petty cash fund on September 1 On September 30, the fund is replenished. The accumulated receipts on that date represent $73 for Repairs Expense, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1, the accountant determines that the fund should be increased by $50, The journal entry to record the reimbursement of the fund on September 30 includes a: Multiple Choice Debit to Repoirs Expense for $73 Credit to Merchandise inventory for $137 Credit to Cash for $250. Debit Petty Cash for $232 Credir to Cash for $18
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