ferguson co. established a $250 petty cash fund. at the end of the first month the accumulated receipts represent $59 for shipping charges (transportation-in) on merchandise purchased for resale, terms fob shipping point; $48 for printing; and $16 for miscellaneous expenses. the fund has a remaining balance of $118 in cash. the journal entry to record the reimbursement of the account would include which of the following debits? note: ferguson co. uses the perpetual system to account for merchandise inventory.
