Spencer Co.has a $200 petty cash fund.At the end of the first month the accumulated receipts represent $43 for delivery expenses,$127 for merchandise inventory,and $12 for miscellaneous expenses.The fund has a balance of $18.The journal entry to record the reimbursement of the account includes a:

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The reimbursement of the petty cash account means that the expenses previously paid with the fund will be recorded in the proper accounts. In this case, the accumulated receipts are $43 for delivery expenses, $127 for merchandise inventory, and $12 for miscellaneous expenses, which total $182. Therefore, the journal entry should credit Cash for the amount reimbursed, which is $182. The original credit to Petty Cash for $200 should be debited, as the fund is now being replenished. There is no need to record a debit to Cash Over and Short or a credit to Inventory.