The petty cash fund has a current balance of $ 350, which is the established fund balance. Based on activity in the fund, it is determined that the balance needs to be changed to $ 550. Which journal entry is needed to make this change?

A.

No journal entry is needed because this change only involves cash.

B.Debit the Petty Cash account and credit the Cash account for

$200.

C.Debit the Cash account and credit the Petty Cash account for

$200.

D.Debit the Petty Cash account and credit the Cash account for

$550.