Refer to the above: Suppose that on March 16, X Company decided to increase the petty cash fund by $50. In the entry prepared on March 16 to increase the Petty Cash Fund, * Petty Cash Fund was debited by $50 and cash was credited by $50 Petty Cash Fund was credited by $50 and cash was debited by $50 Petty Cash Fund was debited by $200 and cash was credited by $200 Petty Cash Fund was credited by $200 and cash was debited by $200 None of the above