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need urgent help TB MC Qu. 7-128 (Static) On July 1, 2024, Cromartie Furniture established... On July 1,2024, Cromartie Furniture established a $150 petty cash
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TB MC Qu. 7-128 (Static) On July 1, 2024, Cromartie Furniture established... On July 1,2024, Cromartie Furniture established a $150 petty cash fund. A check for $150 was made out to the petty cash custodian, During July, the petty cash custodian paid the following bilis from the petty cash fund: At the end of July the petty cash fund was replenished. The journat entry to establish the petty cash fund includes: Multiple Choice A credit to petty cash and a debit to cash for $150. A debit to petty cash and a credit to cash for $150. A credit to cash and a debit to various expenses for \$126. A credit to petty cash and a debit to various expenses for $126 Step by Step Solution
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