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26. The XYZ Corporation established a $300 petty cash fund on April 1,200X. On April 30th the fund had $50 and receipts as follows: Postage
26. The XYZ Corporation established a $300 petty cash fund on April 1,200X. On April 30th the fund had $50 and receipts as follows: Postage Expense $125, lion ru Supplies Expense $75, and Miscellaneous Expense $50. The entry to establish the fund on April 1st is: a. Cash 300 Petty Cash b. Petty Cash Cash c. Petty Cash Cash d. Cash Petty Cash 300 300 50 50 300 50 50
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