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.
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » 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.