Question
NetPerks Co. establishes a $440 petty cash fund on January 1. The journal entry to establish the fund on January 1 includes: A. $440 credit
NetPerks Co. establishes a $440 petty cash fund on January 1. The journal entry to establish the fund on January 1 includes:
| A. | $440 credit to petty cash account | |
| B. | $440 credit to owner, capital account | |
| C. | $440 Credit to expense account | |
| D. | $440 Debit to petty cash account |
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Company Accounting
Authors: Ken Leo, Jeffrey Knapp, Susan McGowan, John Sweeting
11th Edition
0730344770, 9780730344773
