Meng Co. maintains a $345 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $89 for office supplies, $178 for merchandise inventory, and $29 for miscellaneous expenses. There is a cash shortage of $7. Based on this information, the amount of cash in the fund before the replenishment is: a. $49. b. $296. c. $345. d. $42. e. $56.

Meng Co. maintains a $345 petty cash fund. On January 31 , the fund is replenished. The accumulated receipts on that date represent $89 for office supplies, $178 for merchandise inventory, and $29 for miscellaneous expenses. There is a cash shortage of \$7. Based on this information, the amount of cash in the fund before the replenishment is: a. $49. b. $296. c. $345. d. $42 e. $56