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  3. 1 46 spencer company has a 220 petty cash fund at

1 46 Spencer Company has a 220 petty cash fund At the end of the...

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1 46 Spencer Company has a 220 petty cash fund At the end of the first month the accumulated receipts represent 45 for delivery expenses 135 for merchandise inventory and 14 for miscellaneous expenses The fund has a balance of 26 The journal entry to record the reimbursement of the account includes a Multiple Choice Debit to Petty Cash for 220 Credit to Cash Over and Short for 26 Debit to Cash Over and Short for 26 Credit to Cash for 194 to Inventory for 135

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