9:53 p. m. Mar 17 may. Smith Co. establishes a $250 petty cash fund on September 1. The journal 3 points entry to record the ESTABLISHMENT of the fund on September 1 is: Debit Petty Cash $250; credit Cash $250. Debit Petty Cash $250; credit Accounts Payable $250. Debit Cash $250; credit Accounts Payable $250. Debit Miscellaneous Expense $250; credit Cash $250. At the end of the day, the cash register's record shows $2,050, but the count of cash in the cash register is $2,058. The correct entry to record. the cash sales is O Debit Cash $2,050; debit Cash Over and Short $8; credit Sales $2,058 Debit Cash $2,058; credit Sales $2,058 Debit Cash $2,050, credit Sales $2,050. Debit Cash $2,058; credit Cash Over and Short $8; credit Sales $2,050. . 3 points On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $95,250; Allowance for Doubtful Accounts, credit balance of $921. What amount should be debited to Bad Debts Expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible? $6,636. 3 points $4,794. $5,715 $5,660. $5,770.