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Meng Company maintains a $390 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $98 for office
Meng Company maintains a $390 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $98 for office supplies, $196 for merchandise inventory, and $38 for miscellaneous expenses. There is a cash shortage of $9. Based on this information, the amount of cash in the fund before the replenishment is: Multiple Choice $58. $67. O $390. O $332. o $49
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