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TB MC Qu. 06-143 Havermill Co. establishes... Havermill Co, establishes a $430 petty cash fund on September 1 On September 30, the fund is replenished.
TB MC Qu. 06-143 Havermill Co. establishes... Havermill Co, establishes a $430 petty cash fund on September 1 On September 30, the fund is replenished. The accumulated receipts on that date represent $91 for Office Supplies, 3173 for merchandise inventory, and $40 for miscellaneous expenses. The fund has a balance of $126. On October 1, the accountant determines that the fund should be increased by $86. The journal entry to record the establishment of the fund on September 1 is: Multiple Choice
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