Cash equivalents are highly liquid investments that are not subject to significant risk of changes in value. They typically have maturities of: one year or less when purchased. six months or less when purchased. one month or less when purchased. O three months or less when purchased. Making payments from a petty cash fund requires: a debit to various expense accounts. no accounting entry at the time payment is made from petty cash. O a credit to Cash. a credit to Petty Cash. A $200 petty cash fund currently has $39 cash and receipts for $163. The entry to replenish the fund will include a: O credit to cash over and short for $2. credit to petty cash for $161. debit to cash for $163. debit to cash over and short for $2