Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 31 p xyz co. decided to create a petty cash fund.

31 P XYZ Co. decided to create a petty cash fund. They estimated that $100...

80.2K

Verified Solution

Question

Accounting

31 P XYZ Co. decided to create a petty cash fund. They estimated that $100 would be needed in the fund. Choc entry to create the account from the following. O Petty Cash is debited for $100. O Cash is debited for $100. O Petty Cash is credited for $100. O Miscellaneous Expense is debited for $100.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A mixture containing an initial concentration of 0.1726 M for H2 and 0.1361 M for I2...

Chemistry
Q

In an insulating box, there is a 140.0g block of lead whose temperature is 100K and...

Physics
Q

Suppose an investment account is opened with an initial deposit of $12,000 earning 7.2% interest...

Calculus
Q

Tutorial Exercise Verify that the function satisfies the three hypotheses of Rolle s theorem on...

Calculus
Q

Divide as indicated 12x 16 X 4 OA Select the correct choice below and fill...

Algebra
Q

The diameter of a hula hoop is 36 inches. Find the area enclosed by the...

Algebra
Q

Here is the question: Karnage Ltd. is a private company owned and operated...

Accounting
Q

I need help solving this 10. Complete the following chart and answer...

Accounting
Q

The stockholders' equity accounts of Riverbed Company have the following balances on December 31, 2020....

Accounting
Q

(TCO B) Loxham Corporation uses the weighted-average method in its process costing system. Data concerning...

Accounting
Q

Granfield Company is considering diminating its backpack division, which reported a loss for the recent...

Accounting
Q

9- Auditor observations are not considered as audit evidence A. True B. False

Accounting