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Question(s) / Instruction(s):

Martha Company has an established petty cash fund in the amount of $545. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts:

December 4       Freight chare for merchandise purchased             $ 47

December 7       Freight charge for delivery to customer                $ 66

December 12     Purchase of office supplies                                        $ 34

December 18     Donation to charitable organization                         $ 60

If, in addition to these receipts, the petty cash fund contains $298 of cash, the journal entry to reimburse the fund on December 31 will include:

a.            A debit to Transportation-In of $113.

b.            A credit to Cash Over and Short of $40.

c.             A debit to Cash Over and Short of $40.

d.            A debit to Transportation-Out of $113.

e.            A credit to Office Supplies of $153.

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