Use the Following Information Regarding Larson Company to Answer the Question

question 84

Multiple Choice

Use the following information regarding Larson Company to answer the question below.
1) Established a petty cash fund in the amount of $250.
2) Reimbursed the petty cash fund given the following petty cash fund disbursements:
A.Payment for postage,$20.
B.Payment for supplies,$70.
3) Increased the petty cash fund to $300.
4) Cash over at the end of the first period was $5.
-The entry to establish the petty cash fund would include a

• A)debit to the Cash account for $250.
• B)debit to the Petty Cash account for $250.
• C)memorandum entry only in the ledger.
• D)credit to the Petty Cash account for $250.

---

Definitions:

Permethrin

A synthetic chemical used as an insecticide, acaricide, and insect repellent, commonly applied to clothing, bedding, and used in certain medications for treating scabies and lice.

Scarves

Lengths of fabric worn around the neck, head, or waist for warmth, cleanliness, fashion, or religious reasons.

Diabetic Foot Ulcers

Open sores or wounds that occur in individuals with diabetes, usually on the bottom of the foot.

Peripheral Neuropathy

A condition where the peripheral nerves that send signals between the brain, spinal cord, and the rest of the body are damaged or diseased.