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12 July, 23:31

Brown Co. decides to increase the amount in its petty cash fund from 100 to $150. To show this increase in the petty cash account, you would:

a. debit Cash for $50.

b. credit Cash for $150.

d. debit Petty Cash for $150.

d. debit Petty Cash for $50.

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Answers (1)
  1. 12 July, 23:50
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    Debit petty cash for $50
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