Use the Following Information to Answer Questions $€ 350$ To the Custodian of the Petty Cash Fund

question 103

Multiple Choice

Use the following information to answer questions . On October 2, 2011, Bienvenu Manufacturing Company established a petty cash fund by issuing a check for $€ 350$ to the custodian of the petty cash fund. On October 31, 2011, The custodian submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is $€ 15$ cash in the fund:
$\begin{array} { l r } \text { Freight-in } & € 145 \\ \text { Office Supplies Expense } & 55 \\ \text { Entertainment of clients } & 89 \\ \text { Postage Expense } & 50 \end{array}$
-The journal entry to replenish the account would include

• A)debit to Cash Over and Short for \(€ 4\).
• B) \(\quad\) credit to Cash Over and Short for \(€ 4\).
• C) debit to petty Cash for \(€ 339\).
• D) \(\quad\) credit to cash for \(€ 350\).

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Definitions:

Collective Bargaining

The process where workers, through their unions, negotiate contracts with their employers to determine pay, work conditions, benefits, and other work-related issues.

Bad Faith Bargaining

Negotiations where one or more parties refuse to engage sincerely or with the intent to reach an agreement, typically violating principles of honesty and fairness.

National Labor Relations Act

A foundational US law enacted in 1935 that protects the rights of employees to organize, bargain collectively, and engage in concerted activities for mutual aid or protection.

Direct Dealing

A labor relations strategy where employers interact directly with employees rather than through union representatives.