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

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.