Hawk Company establishes a $600 petty cash fund on September 9. The journal entry to establish the fund is: O Dr petty cash account and Cr cash account; 600 O Dr cash account and Cr petty cash account; 600 O Dr petty cash account and Cr petty cash expense account; 600 O Dr petty cash expense account and Cr petty cash account; 600 QUESTION 8 Assume that the Petty Cashier of a $400 petty cash fund has $60 in cash plus $340 in receipts at the end of the month. The entry to replenish (reimburse) the petty cash fund will include: OA debit to Cash for $60 OA debit to Cash for $340 OA credit to Cash for $60 A credit to Cash for $340 Which inventory valuation method would yield the lowest cost of goods sold in periods of rising prices? O FIFO O None of the answers O Weighted-Average O Specific identification B QUESTION 10 ESG company sold merchandise with a cost of $1,500 for $4,500 cash. The journal entry to record this transaction includes. O Dr. to cash and Cr. to sales; $1,500 O Dr. to accounts receivable and Cr. to sales; $4,500 O Dr. to cash and Cr. to sales; $4,500 Dr. to accounts receivable and Cr. to sales; $1,500