Question
Meng Company maintains a $380 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $96 for office
Meng Company maintains a $380 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $96 for office supplies, $192 for merchandise inventory, and $36 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:
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
