On January 8, the petty cash fund of ABC Co. shows $40 in cash along with receipts for the following expenditures: postage, $68; transportation-in, $140; delivery expenses, $100; and miscellaneous expenses, $53. ABC Co. uses the perpetual system in accounting for merchandise inventory. The journal entry to reimburse the fund on January 8 includes: A. $400 credit to cash account B. $100 credit to delivery expenses account C. $140 debit to Merchandise inventory account postage, $68; transportation-in, $140; delivery expenses, $100; and miscellaneous expenses, $53. ABC Co. uses the perpetual system in accounting for merchandise inventory. The journal entry to reimburse the fund on January 8 includes: A. $400 credit to cash account O B. $100 credit to delivery expenses account C. $140 debit to Merchandise inventory account D. $400 credit to petty cash account The May 31 bank statement included a $550 debit memorandum for bank services; Chung has not yet recorded the cost of these services. In the bank reconciliation, this will show as alan O A. Deduction of $550 to the book balance O B. Deduction of $550 to the bank balance O $ C. Addition of $550 to the bank balance O D. Addition of $550 to the book balance NetPerks Co. establishes a $400 petty cash fund on January 1. On January 31, the company decided to decrease the fund to $300. The journal entry to decrease the fund to $300 includes: O A. $100 debit to cash account O B. $300 credit to petty cash account O $ C. $100 debit to petty cash account O D. $300 credit to cash account