Which of the following is the journal entry to record the establishment of a petty cash fund?

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Which of the following is the journal entry to record the establishment of a petty cash fund?
a. Debit Cash, credit Petty Cash
b. Debit Petty Cash, credit Cash
c. Debit Petty Cash, credit Accounts Payable
d. Debit Accounts Payable, credit Petty Cash

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College Accounting A Contemporary Approach

ISBN: 9781260780352

5th Edition

Authors: David Haddock, John Price, Michael Farina

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Question Posted: Jul 06, 2022 03:56 AM

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Which of the following is the journal entry to record the establishment of a petty cash fund?

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b De bit Petty Cash credit Cash When a p etty cash fund is est ablished the bus ...View the full answer

College Accounting A Contemporary Approach

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