On January 2, 20X1, The Blue Legal Clinic issued Check 2108 for $260 to establish a petty cash fund. Indicate how this transaction would be recorded in a general journal. View transaction list

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A: Please see the next step for the solution

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.