Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses. There is a cash shortage of $8. Based on this information, the amount of cash in the fund before the replenishment is:

Multiple Choice

• $300.

• $260.

• $40.

• $48.

• $32

The custodian of a $450 petty cash fund discovers that the fund has $55.50 in coins and currency plus $390.00 in receipts at the end of the month. The entry to replenish the petty cash fund will include:

Multiple Choice

• A credit to Cash Over and Short for $4.50.

• A debit to Petty Cash for $390.00.

• A debit to Cash for $394.50.

• A credit to Cash for $394.50.

• A debit to Cash for $385.50.

In the process of reconciling its bank statement for January, Max's Ciothing's accountant compiles the following information: Cash balance per company books on January 30 Deposits in transit at month-end Outstanding checks at month-end Bank service charges $4,725 $1,800 $ 520 $ 25 $ 265 An NSF check returned on a customer account The adjusted cash balance per the books on January 31 is Multiple Choice $5,855 $5,335 $4.435 $4815 $4,585