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Tony's Tires establishes a petty cash account of $200. Choose below the journal entry to establish the fund Debit cash, credit petty cash Debit
Tony's Tires establishes a petty cash account of $200. Choose below the journal entry to establish the fund Debit cash, credit petty cash Debit petty cash expense, credit cash Debit petty cash, credit cash no entry needs to be made, this is still a cash account
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