Business, 02.04.2021 04:40 bravoy

Jackson Brothers decided to create a petty cash fund. They estimated that $200 would be needed in the fund. Demonstrate the correct journal entry to create the account by choosing the correct action from those below. Multiple choice question. Cash is debited for $200; Petty Cash is credited for $200. Petty Cash is credited for $200; Miscellaneous Expense is debited for $200. Petty Cash is debited for $200; Cash is credited for $200. Miscellaneous Expense is debited for $200; Cash is credited for $200.

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