The entry to establish a petty cash fund includes: Multiple Choice A debit to Cash and a credit to Petty Cash. A debit to Cash and a credit to Cash Over and Short. A debit Petty Cash and a credit to Cash. A debit to Petty Cash and a credit to Accounts Receivable. A debit to Cash and a credit to Petty Cash Over and Short.
The entry to establish a petty cash fund includes: Multiple Choice A debit to Cash and a credit to Petty Cash. A debit to Cash and a credit to Cash Over and Short. A debit Petty Cash and a credit to Cash. A debit to Petty Cash and a credit to Accounts Receivable. A debit to Cash and a credit to Petty Cash Over and Short.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 7QY
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![The entry to establish a petty cash fund includes:
Multiple Choice
A debit to Cash and a credit to Petty Cash.
A debit to Cash and a credit to Cash Over and Short.
A debit to Petty Cash and a credit to Cash.
A debit to Petty Cash and a credit to Accounts Receivable.
A debit to Cash and a credit to Petty Cash Over and Short.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb034729f-db63-4235-9b33-79c3c77be50a%2F6bdd6dfb-2fbd-4cb7-9903-538e42f89383%2F6p3i33p_processed.png&w=3840&q=75)
Transcribed Image Text:The entry to establish a petty cash fund includes:
Multiple Choice
A debit to Cash and a credit to Petty Cash.
A debit to Cash and a credit to Cash Over and Short.
A debit to Petty Cash and a credit to Cash.
A debit to Petty Cash and a credit to Accounts Receivable.
A debit to Cash and a credit to Petty Cash Over and Short.
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