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Need help on that Meng Company maintains a $370 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date
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Meng Company maintains a $370 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $94 for office supplies, $188 for merchandise inventory, and $34 for miscellaneous expenses. There is a cash shortage of $10. The journal entry to replenish the fund on January 31 is: Multiple Choice Debit Office Supplies Expense, $94; Debit Merchandise Inventory, $188; Debit Miscellaneous Expenses, $34; Debit Cash Over and Short, $10; Credit Petty Cash, $326. Debit Office Supplies Expense. $94; Debit Merchandise Inventory, $188; Debit Miscellaneous Expenses. $34: Credit Cash Over and Short, $10; Credit Petty Cash, $306. Debit Office Supplies Expense, $94: Debit Merchandise Inventory. $188; Debit Miscellaneous Expenses, $34; Credit Cash Over and Short $10; Credit Cash, $306. Debit Office Supplies Expense, $94; Debit Merchandise Inventory, $188; Debit Miscellaneous Expenses, $34; Debit Cash Over and Short, $10; Credit Cash, $326. Debit Office Supplies Expense. $94: Debit Merchandise Inventory. $188; Debit Miscellaneous Expenses, $34; Credit Cash Over and Short, Debit Office Supplies Expense, $94; Debit Merchandise Inventory. $188; Debit Miscellaneous Expenses, $34; Debit Cash Over and Short, $10; Credit Petty Cash, $326. Debit Office Supplies Expense. $94; Debit Merchandise Inventory. $188; Debit Miscellaneous Expenses, $34; Credit Cash Over and Short, $10; Credit Petty Cash, $306. Debit Office Supplies Expense, $94; Debit Merchandise Inventory $188; Debit Miscellaneous Expenses, $34; Credit Cash Over and Short, $10; Credit Cash, $306. Debit Office Supplies Expense, $94. Debit Merchandise Inventory. $188; Debit Miscellaneous Expenses, $34; Debit Cash Over and Short, $10; Credit Cash, $326. Debit Office Supplies Expense. $94; Debit Merchandise Inventory, $188; Debit Miscellaneous Expenses. $34; Credit Cash Over and Short $10: Credit Petty Cash, $370Step by Step Solution
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