The journal entry needed to open a petty cash fund for on 1 Jan for $100.00 would be as follows:

Group of answer choices

1 Jan Dr Cash, Cr Petty cash $100

I Jan Dr Petty cash, Cr cash $100

I Jan Dr Petty cash, Cr Revenue $100

I Jan no entry is needed just put $$ in petty cash drawer

I Jan only record petty cash when voucher/receipts turned in