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  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...

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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.

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