Havermill Company establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $73 for Office Supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1, the accountant determines that the fund should be increased by $50. The journal entry to record the establishment of the fund on September 1 is: Multiple Choice Debit Cash $250; credit Petty Cash $250. Debit Petty Cash $250; credit Accounts Payable $250. Debit Miscellaneous Expense $250; credit Cash $250. Debit Petty Cash $250; credit Cash $250. Debit Cash $250; credit Accounts Payable $250.

Havermill Company establishes a $250 petty cash fund on September 1 . On September 30 , the fund is replenished. The accumulated receipts on that date represent $73 for Office Supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1 , the accountant determines that the fund should be increased by $50. The journal entry to record the establishment of the fund on September 1 is: Multiple Choice Debit Cash \$250; credit Petty Cash \$250. Debit Petty Cash \$250; credit Accounts Payable \$250. Debit Miscellaneous Expense \$250; credit Cash \$250. Debit Petty Cash \$250; credit Cash \$250