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Alik [6]
3 years ago
8

Silver Co. has a $430 petty cash fund. At the end of the first month the accumulated receipts represent $66 for delivery expense

s, $219 for merchandise inventory, and $35 for miscellaneous expenses. The fund has a balance of $110. The journal entry to record the reimbursement of the account includes a:
Business
1 answer:
ratelena [41]3 years ago
6 0

Answer:

The correct answer is credit to cash by $320..

Explanation:

According to the scenario, Journal entry of the given data are as follows:

Journal entry

Delivery expense A/c Dr $66

Merchandise inventory A/c Dr $219

Misc. Expense A/c Dr $35

To Cash A/c $320                            ( $66 + $219 + $35)

(Being reimbursement of the account is recorded )

Hence, reimbursement of the account includes  credit to cash by $320.

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Answer:

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Explanation:

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7 0
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owns a Dell laptop computer. She uses the computer in class and her classmates can see the Dell logo when she uses her laptop. O
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Complete question:

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