Next Question Mercury Company established a petty cash fund with a 600 balance. Which of the following statements is incorrect? OA The petty cash custodian cunhos a chock for $600 and places the currency in the petty cash fund box, OB. There is no net effect on current assets. OC. Ajoumal entry is needed to doba the Cash account and credit the Potty Cash account for $600 OD. The sum of the cash plus the total of the potty cash tickets should equal $600 at all times Click to select your