The journal entry to establish a petty cash fund is the following: a. Dr. Petty Cash $XXX,

Question:

The journal entry to establish a petty cash fund is the following:

a. Dr. Petty Cash $XXX, Cr. Cash $XXX

b. Dr. Petty Cash $XXX, Cr. Supplies $XXX

c. Dr. Cash $XXX, Cr. Petty Cash $XXX

d. Dr. Cash Over and Short $XXX, Cr. Petty Cash $XXX

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

Question Posted: