A Company Had a Petty Cash Account with a Stated

A company had a petty cash account with a stated balance of $300 on January 1,2001.Petty cash expenses for 2001 were as follows: postage,$45; supplies used,$145; parking fees,$30.At the end of 2001,the auditor counted the money in the petty cash fund and found $50 cash on hand.The December 31,2001,entry regarding the petty cash fund should be: $\begin{array}{|l|r|r|}\hline1 & \text { Postage expense } & 45 \\\hline & \text { Supplies expense } & 145 \\\hline & \text { Parking expense } & 30 \\\hline&\text { Cash }&220\\\hline\end{array}$ $\begin{array}{|l|r|r|}\hline 2&\text { Postage expense } & 45 \\\hline &\text { Supplies expense } & 145 \\\hline &\text { Parking expense } & 30 \\\hline &\text { Cash short } & 30\\\hline&\text { Cash }&250\\\hline\end{array}$ $\begin{array}{|l|r|r|}\hline 3&\text { Postage expense } & 45 \\\hline &\text { Supplies expense } & 145 \\\hline &\text { Parking expense } & 30 \\\hline &\text { Cash short } & 30\\\hline&\text { Cash }&30\\\hline &\text { Petty cash }&220\\\hline\end{array}$ $\begin{array}{|l|r|r|}\hline4 & \text { Postage expense } &45\\\hline &\text { Supplies expense } & 145 \\\hline &\text { Parking expense } & 30 \\\hline&\text { Cash }&30\\\hline &\text { Petty cash }&220\\\hline\end{array}$

A) Choice 1
B) Choice 2
C) Choice 3
D) Choice 4