Spencer Co has a $320 petty cash fund. At the end of the first month the accumulated receipts represent $55 for de very expenses 5175 for merchandise inventory, and $24 for miscellaneous expens. The fund has a balance of $66. The foumtalenty to record the reimbursement of the account indes Debit to Petty Cash for $320. Credit to Cash Over and Short for $66. Debit to Cash Over and short for $66 Credit to Cash for $254 Credit to Inventory for $175