how-would-you-record-the-establishment-of-a-200-petty-cash-fund-in-the-accountin

Question

How would you record the establishment of a $200 petty cash fund in the accounting journal?

Accepted Answer

Debit Petty Cash $$200, Credit Cash 200$$

Answer

Debit Petty Cash $$200, Credit Accounts Payable 200$$

Answer

Debit Cash $$200, Credit Petty Cash 200$$

Answer

Debit Expenses $$200, Credit Cash 200$$

How would you record the establishment of a \$200 petty cash fund in the accounting journal?