16. Which of the following is not considered a cash equivalent? a. Short-term US Treasury bills: b. Money market funds. c. Restricted cash. d. High-grade short-term commercial paper. e. None of the choices is correct. 17. Kiley Company established a petty cash fund of $750 on January 1. On January 31 , reccipts for the following items were in the petty cash box: Entertainment: $250 : Postage: $65 : Maintenance: $120; Office Supplies: $85; Miscellaneous: $55 The journal entry on January 1 to record establishment of the petty cash fund includes a: a. Credit to Cash of $750. b. Credit to Petty Cash of $750. c. Debit to Petty Cash Expense of $750. d. No joumal entry is necessary, since no cash of the company has been disbursed yet. e. None of the choices is correct