Questions#1,2,3

Question#1 Pelcher Company maintains a $430 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $116 for office supplies, $152 for merchandise inventory, and $76 for miscellaneous expenses. There is a cash overage of $4. The journal entry to replenish the fund on January 31 is: Debit Office Supplies Expense, $116; Debit Merchandise Inventory, $152; Debit Miscellaneous expenses. $76; Debit Cash over and short, $4; Credit Petty cash, $348. Debit Office Supplies Expense, $116, Debit Merchandise inventory. $152; Debit Miscellaneous expenses, $76; Debit Cash over and short, $4: Credit Cash, $348. Debit Office Supplies Expense, $116; Debit Merchandise inventory, $152; Debit Miscellaneous expenses, 576; Credit Cash over and short, $4: Credit Petty cash, $340. Debit Office Supplies Expense, $116; Debit Merchandise inventory, $152; Debit Miscellaneous expenses, 576; Credit Cash over and short, $4: Credit Cash $340. Debit Office Supplies Expense, $116; Debit Merchandise inventory, $152: Debit Miscellaneous expenses, $76: Debit Cash over and short, $4: Credit Petty cash, $430. Question#2 A company had $14 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to: A) Debit Cash Over and Short for $14 B) Credit Cash Over and Short for $14 C) Debit Petty Cash for $14 D) Credit Petty Cash for $14 E) Debit Cash for $14 Question#3 A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is: Debit Petty Cash $82.00; credit Cash $82.00. Debit Petty Cash for $100.00; debit Cash Over and Short $182.00; credit Cash $200.00. Debit Cash Over and Short for $8.25; credit Petty Cash $8.25. Debit Miscellaneous Expenses $18.00; credit Cash $18.00. Debit to Cash $100.00; credit Petty Cash $100.00