How much cash was in the fund before replenishment?

What is the amount of cash in the fund before the replenishment? The correct answer is $32.

To determine the amount of cash in the petty cash fund before the replenishment, we need to subtract the accumulated expenses (receipts) from the original fund amount.

Original fund amount = $300

Accumulated expenses:

  • Office supplies: $80
  • Merchandise inventory: $160
  • Miscellaneous expenses: $20

Total accumulated expenses = $80 + $160 + $20 = $260

Now, subtract the total accumulated expenses from the original fund amount:

Cash in the fund before replenishment = Original fund amount - Total accumulated expenses

Cash in the fund before replenishment = $300 - $260 = $40

So, the amount of cash in the petty cash fund before the replenishment is $40 (option c).

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