Havermill Co. establishes a $450 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $93 for Office Supplies, $177 for merchandise inventory, and $42 for miscellaneous expenses. The fund has a balance of $138. On October 1, the accountant determines that the fund should be increased by $90. The journal entry to record the reimbursement of the fund on September 30 includes a:
A. Credit to Cash for $138.
B. Debit to Office Supplies for $93.
C. Debit Petty Cash for $312.
D. Credit to Merchandise Inventory for $177.
E. Credit to Cash for $450.
Answer: B
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