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Pelcher Company maintains a $470 petty cash fund. On January 31 , the fund is replenished. The accumulated receipts on that date represent $124 for
Pelcher Company maintains a $470 petty cash fund. On January 31 , the fund is replenished. The accumulated receipts on that date represent $124 for office supplies, $168 for merchandise inventory, and $84 for miscellaneous expenses. There is a cash overage of $4. The journal entry to replenish the fund on January 31 is: Multiple Choice Debit Office Supplies Expense, $124; Debit Merchandise inventory, $168; Debit Miscellaneous expenses, $84; Debit Cash over and short, $4; Credit Petty cash, $380. Debit Office Supplies Expense, $124; Debit Merchandise inventory, $168; Debit Miscellaneous expenses, $84; Debit Cash over and short, $4; Credit Cash, $380. Debit Office Supplies Expense, $124; Debit Merchandise inventory, $168; Debit Miscellaneous expenses, $84; Credit Cash over and short, $4; Credit Petty cash, $372 Debit Office Supplies Expense, $124; Debit Merchandise inventory, $168; Debit Miscellaneous expenses, $84; Credit Cash over and short, $4; Credit Cash, $372. Debit Office Supplies Expense, $124; Debit Merchandise inventory, $168; Debit Miscellaneous expenses, $84; Debit Cash over and short, $4; Credit Petty cash, $470. A company had net sales of $30,900 and accounts receivable of $3,300 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) Multiple Choice 54.28 days. 9.36 days. 30.98 days. 38.98 days. 50.18 days. One of the journal entries that Great Falls Company must record as a result of the bank reconciliation includes: Multiple Choice Debit Notes Payable $845; credit Cash $845. Debit Cash $845; credit Notes Receivable $845. Debit Cash $3,450; credit Sales $3,450. Debit Cash $3,450; credit Accounts Receivable $3,450. Debit Miscellaneous Expense \$35; credit Accounts Payable $35
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