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Compute the amount of cash in the fund

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Question - Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses. There is a cash shortage of $8. Based on this information, compute the amount of cash in the fund before the replenishment?

A. $300.

B. $32.

C. $48.

D. $40.

E. $260.

Reference no: EM132504350

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