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  3. meng company maintains a $315 petty cash fund. on

Meng Company maintains a $315 petty cash fund. On January 31, the fund is replenished....

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Accounting

Meng Company maintains a $315 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $83 for office supplies, $166 for merchandise inventory, and $23 for miscellaneous expenses. There is a cash shortage of $10. The journal entry to replenish the fund on January 31 is Debit Office Supplies Expense, $83; Debit Merchandise Inventory, $166, Debit Miscellaneous Expenses, $23, Credit Cash Over and Short. $10, Credit Petty Cash, $315. Debit Office Supplies Expense, $83; Debit Merchandise Inventory. $166; Debit Miscellaneous Expenses, $23, Debit Cash Over and Short $10, Credit Cash, $282. Debit Office Sup pense, $83, Debit Merchandise Inventory, $166, Debit Miscelaneous Expenses, $23; Credit Cash Over and Short $10, Credit Petty Cash, $262. Debit Office Supplies Expense, $83; Debit Merchandise Inventory, $166: Debit Miscellaneous Expenses, $23: Credit Cash Over and Short, $10, Credit Cash, $262. Debit Office Supplies Expense, $83; Debit Merchandise Inventory, $166; Debit Miscellaneous Expenses, $23; Debit Cash Over and Short, $10, Credit Petty Cash, $282

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