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Havermill Company establishes a $400 petty cash fund on September 1. on September 30, the...

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Accounting

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Havermill Company establishes a $400 petty cash fund on September 1. on September 30, the fund is replenished. The accumulated receipts on that date represent $88 for Office Supplies, $152 for merchandise inventory, and $37 for miscellaneous expenses. The fund has a balance of $33. On October 1, the accountant determines that the fund should be increased by $80 The journal entry to record the increase in the fund balance on October tis: Multiple Choice Debit Petty Cash $480. Credit Cash $480 Debit Cash $80, credit Petty Cash 580 Debit Miscellaneous Expense Soo, Credit Cash $80. Debit Petty Cash $80, credit Accounts Payable 580 Debit Petty Cash 580. Credit Cath $80

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