Question: 1. Select the answer that correctly records the following transactions: A. Started a petty cash fund in the amount of $300. B. Replenished petty cash

 1. Select the answer that correctly records the following transactions: A.

1. Select the answer that correctly records the following transactions: A. Started a petty cash fund in the amount of $300. B. Replenished petty cash fund using the following expenses: Auto $18, Office Expenses $35, Postage Expense $56, Miscellaneous Expenses $67. Cash on hand is $124. C. Increased petty cash by $50. . 300 Petty Cash Cash 300 B. Auto Expense Office Expense Postage Expense Miscellaneous Expense Cash 18 35 56 67 176 C. 50 Petty Cash Cash 50

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