Childers Company, which uses a perpetual Inventory system, has an established petty cash fund in...
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Childers Company, which uses a perpetual Inventory system, has an established petty cash fund in the amount of $400. The fund was last relmbursed on November 30 . At the end of December, the fund contained the following petty cash receipts: If, In addition to these recelpts, the petty cash fund contains $201 of cash, the journal entry to reimburse the fund on December 31 will include: Multiple Choice A debit to Transportation-In of $62. A debit to Petty Cash of $189. A credit to Office Supplies Expense of $30. A credit to Cash Over and Short of $10
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