Question

marcy is the custodian of a $150 petty cash fund, which she replenishes on the last day of every month. on june 30, she had total receipts of $89.11 and cash of $59.89. what is the total expense that will be charged when she submits her request?

Answer 1

The total expense charged when Marcy replenishes her petty cash fund is $89.11, which is the sum total of the receipts collected.

Step-by-step explanation:

Marcy is the custodian of a $150 petty cash fund, which she replenishes at the end of every month. On June 30, she has receipts totaling $89.11, and remaining cash of $59.89. The total expense charged when Marcy submits her replenishment request is the sum of the receipts, which is $89.11. This is the amount that was spent from the petty cash throughout the month and will be accounted for in Marcy's expense report.