[Solved] The Journal Entry to Establish the Petty Cash Fund Includes

Question 111
Multiple Choice

The journal entry to establish the petty cash fund includes:

A)A credit to petty cash and a debit to cash for $150.
B)A debit to petty cash and a credit to cash for $150.
C)A credit to cash and a debit to various expenses for $126.
D)A credit to petty cash and a debit to various expenses for $126.

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