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MainCo Company's Accounting Policies Require the Company to Maintain a Petty

Question 97

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MainCo Company's accounting policies require the company to maintain a petty cashbalance of $235. MainCo's junior accountant reviews the content of the petty cash box at June 30 to find receipts for purchases of office supplies of $40, shipping supplies of $30 and a left over balance in cash of $7.50.What entry would you make to replenish the petty cash fund at June 30?


A) MainCo Company's accounting policies require the company to maintain a petty cashbalance of $235. MainCo's junior accountant reviews the content of the petty cash box at June 30 to find receipts for purchases of office supplies of $40, shipping supplies of $30 and a left over balance in cash of $7.50.What entry would you make to replenish the petty cash fund at June 30? A) B) C) D) E)
B) MainCo Company's accounting policies require the company to maintain a petty cashbalance of $235. MainCo's junior accountant reviews the content of the petty cash box at June 30 to find receipts for purchases of office supplies of $40, shipping supplies of $30 and a left over balance in cash of $7.50.What entry would you make to replenish the petty cash fund at June 30? A) B) C) D) E)
C) MainCo Company's accounting policies require the company to maintain a petty cashbalance of $235. MainCo's junior accountant reviews the content of the petty cash box at June 30 to find receipts for purchases of office supplies of $40, shipping supplies of $30 and a left over balance in cash of $7.50.What entry would you make to replenish the petty cash fund at June 30? A) B) C) D) E)
D) MainCo Company's accounting policies require the company to maintain a petty cashbalance of $235. MainCo's junior accountant reviews the content of the petty cash box at June 30 to find receipts for purchases of office supplies of $40, shipping supplies of $30 and a left over balance in cash of $7.50.What entry would you make to replenish the petty cash fund at June 30? A) B) C) D) E)
E) MainCo Company's accounting policies require the company to maintain a petty cashbalance of $235. MainCo's junior accountant reviews the content of the petty cash box at June 30 to find receipts for purchases of office supplies of $40, shipping supplies of $30 and a left over balance in cash of $7.50.What entry would you make to replenish the petty cash fund at June 30? A) B) C) D) E)

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