Question: 1Q-multiple part Create the journal entry below. First choose Debit or Credit for the first line: DEBIT or CREDIT Silly Company has started a petty


Create the journal entry below. First choose Debit or Credit for the first line: DEBIT or CREDIT Silly Company has started a petty cash fund with an authorized amount of $200. When the fund was replenished, the following receipts were found: $124 for local transportation and $72 for postage. There was $2 in cash remaining in the fund. After replenishment, the authorized amount is raised to $250. Use this information and answer the following question: What is the journal entry to start this fund? Question 6 Your Answer Create the journal entry below. First choose Debit or Credit for the first line: DEBIT or CREDIT Silly Company has started a petty cash fund with an authorized amount of $200. When the fund was replenished, the following receipts were found: $124 for local transportation and $72 for postage. There was $2 in cash remaining in the fund. After replenishment, the authorized amount is raised to $250. Use this information and answer the following question: What is the journal entry to replenish the fund? Create the journal entry below. First choose Debit or Credit for the first line: DEBIT or CREDIT Silly Company has started a petty cash fund with an authorized amount of $200. When the fund was replenished, the following receipts were found: $124 for local transportation and $72 for postage. There was $2 in cash remaining in the fund. After replenishment, the authorized amount is raised to $250. Use this information and answer the following question: What is journal entry to increase the authorized amount
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