Business, 10.04.2020 21:36 Knelson566

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. A. Miscellaneous Expense is debited for $200; Cash is credited for $200.B. Cash is debited for $200; Petty Cash is credited for $200C. Petty cash is debited for $200; Cash is credited for $200D. Petty cash is credited for $200; Miscellaneous Expense is debited for $200

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