Ferguson Co

Multiple Choice

Ferguson 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:

A) Debit to Petty Cash for $200.
B) Debit to Cash Over and Short for $18.
C) Credit to Cash for $182.
D) Credit to Inventory for $127.
E) Credit to Cash Over and Short for $18.