The journal entry to establish a petty cash fund is the following: a. Dr. Petty Cash $XXX,
Question:
The journal entry to establish a petty cash fund is the following:
a. Dr. Petty Cash $XXX, Cr. Cash $XXX
b. Dr. Petty Cash $XXX, Cr. Supplies $XXX
c. Dr. Cash $XXX, Cr. Petty Cash $XXX
d. Dr. Cash Over and Short $XXX, Cr. Petty Cash $XXX
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Related Book For
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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