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Business, 01.10.2019 01:00 gogo16732

Spencer co. has a $350 petty cash fund. at the end of the first month the accumulated receipts represent $58 for delivery expenses, $187 for merchandise inventory, and $27 for miscellaneous expenses. the fund has a balance of $78. the journal entry to record the reimbursement of the account includes a:

a. credit to cash for $272.
b. credit to cash over and short for $78.
c. debit to cash over and short for $78.
d. debit to petty cash for $350.
e. credit to inventory for $187.

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