Spencer Co. has a $240 petty cash fund. At the end of the first month the accumulated receipts represent $47 for delivery expenses, $143 for merchandise inventory, and $16 for miscellaneous expenses. The fund has a balance of $34. The journal entry to record the reimbursement of the account includes a:

Multiple Choice

• Debit to Petty Cash for $240.

• Debit to Cash Over and Short for $34.

• Credit to Cash for $206.

• Credit to Inventory for $143.

• Credit to Cash Over and Short for $34.