Childers Company,which Uses a Perpetual Inventory System,has an Established Petty

question 217

Multiple Choice

Childers Company,which uses a perpetual inventory system,has an established petty cash fund in the amount of $400.The fund was last reimbursed on November 30.At the end of December,the fund contained the following petty cash receipts: If,in addition to these receipts,the petty cash fund contains $201 of cash,the journal entry to reimburse the fund on December 31 will include:

• A)A debit to Transportation-In of $62.
• B)A debit to Petty Cash of $189.
• C)A credit to Office Supplies of $30.
• D)A credit to Cash Over and Short of $10.
• E)A credit to Cash of $199.

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Definitions:

Anxiety

Attachment dimension suggesting a negative view of oneself.

Heart Attack

A medical emergency involving the blockage of blood flow to the heart muscle, often resulting in damage or death to part of the muscle.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and fear.

Negative Emotions

Feelings that are generally perceived as unpleasant or undesirable, such as sadness, anger, and fear, influencing both psychological and physical well-being.