Havermill Co. establishes a $490 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $97 for Office Supplies, $185 for merchandise inventory, and $46 for miscellaneous expenses. The fund has a balance of $162. On October 1, the accountant determines that the fund should be increased by $98. The journal entry to record the establishment of the fund on September 1 is:

Debit Petty Cash $490; credit Accounts Payable $490.

Debit Cash $490; credit Petty Cash $490.

Debit Miscellaneous Expense $490; credit Cash $490.

Debit Petty Cash $490; credit Cash $490.

Debit Cash $490; credit Accounts Payable $490.