Click to watch the Tell Me More Learning Objective 6 video and then answer the questions below. 1. A petty cash fund of $500 is established on October 1. The entry to record the transaction is a. debit Petty Cash, credit Cash. b. debit Cash, credit Petty Cash. c. debit Petty Cash Expense, credit Cash. d. None of these are correct. 2. Replenishing the petty cash fund requires a. a debit to Cash account b. a credit to Cash account c. no entry d. None of these are correct.

Click to watch the Tell Me More Learning Objective 6 video and then answer the questions below. 1. A petty cash fund of $500 is established on October 1 . The entry to record the transaction is a. debit Petty Cash, credit Cash. b. debit Cash, credit Petty Cash. c. debit Petty Cash Expense, credit Cash. d. None of these are correct. 2. Replenishing the petty cash fund requires a. a debit to Cash account b. a credit to Cash account c. no entry d. None of these are correct