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Spencer Co. has a $400 petty cash fund. At the end of the first month the accumulated receipts represent $63 for delivery expenses, $207 for

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Spencer Co. has a $400 petty cash fund. At the end of the first month the accumulated receipts represent $63 for delivery expenses, $207 for merchandise inventory, and $32 for miscellaneous expenses. The fund has a balance of $98 The journal entry to record the reimbursement of the account includes a: Multiple Choice Debit to Petty Cash for $400 Debit to Cesh Over and Short for $98. Credit to Cash Over and Short for $98 Credit to Cash for $302 Credit to Inventory for $207

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