blished a petty cash fund of $250. What journal entry should be made to e nt Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Violet Company established a petty cash fund of $250. What journal entry should be made to establish the petty
cash fund?
Multiple Choice
Account
Administrative Expense
Cash
O Account
Petty Cash
Cash
O Account
Administrative Expense
Petty Cash
O Account
Cash
Petty Cash
Debit
Debit
Debit
Debit
250
250
250
250
Credit
Credit
Credit
Credit
250
250
250
250
Transcribed Image Text:Violet Company established a petty cash fund of $250. What journal entry should be made to establish the petty cash fund? Multiple Choice Account Administrative Expense Cash O Account Petty Cash Cash O Account Administrative Expense Petty Cash O Account Cash Petty Cash Debit Debit Debit Debit 250 250 250 250 Credit Credit Credit Credit 250 250 250 250
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