Question: please help The Appleton entity established a $200 Petty Cash fund on June 1,200X. On June 30,200X the fund had $45 in cash and the

please help
please help The Appleton entity established a $200 Petty Cash fund on

The Appleton entity established a $200 Petty Cash fund on June 1,200X. On June 30,200X the fund had $45 in cash and the following receipts: Delivery Expense $75, Office Supplies Expense $55, and Postage Expense $25. The entry to establish the fund on June 1,200X is A) DR Petty Cash 200; CR Cash 200 B) DR Cash 200; CR Petty Cash 200 C) DR Petty Cash 155; CR Cash 155 D) DR Cash 155; CR Petty Cash 155

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!