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Save & E 2 Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts

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Save & E 2 Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $73 for Office Supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1, the accountant determines that the fund should be increased by $50. The journal entry to record the increase in the fund balance on October is: 012456 Multiple Choice Debit Miscellaneous Expense $50, Credit Cash $50 Debit Petty Cash $50, credit Accounts Payable $50 Debit Petty Cash $50; Credit Cash $50 Debit Petty Cash $300 Credit Cash $300 Debit Cash $50, credit Petty Cash $50

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