A Potty Cash fund is being set up for $300. The journal entry would be 300 300 300 300 OA Petty Cash Cash B. Cash Petty Cash OC. Accounts payable Potty Cash OD. Petty Cash Accounts payable 300 300 300 300 Callie, Inc., a retailer, accepts payment through credit cards. During August, credit card sales amounted to $120,000. The processor charges a 3% fee. What is the correct joumal entry or entries for credit card sales using the gross method? 120,000 3,600 116,400 116,400 3.600 120,000 A Cash Credit Card Expense Sales Revenue B. Cash Credit Card Expense Sales Revenue C. Cash Sales Revenue Credit Card Expense Cash OD. Accounts Receivable Sales Revenue Credit Card Expense Cash 120.000 120,000 3,600 3,600 120,000 120.000 3,600 3,600 James, Inc. had the following financial data for the year ended December 31, 2025. Cash $120,000 Cash equivalents 200,000 Long term investments 155,000 Total current liabilities 350,000 What is the cash ratio as of December 31, 2025, for James, Inc. ? (Round your answer to two decimal places.) O A. 1.36 OB. 0.34 Oc. 0.91 OD. 1.09