Author Question: The check written to establish the petty cash fund is entered in the journal by a. debiting Cash ... (Read 130 times)

hubes95 · **on:** Jul 5, 2018

The check written to establish the petty cash fund is entered in the journal by
a. debiting Cash and crediting Petty Cash.
b. debiting Petty Cash and crediting Owner's Capital.
c. debiting Owner's Capital and crediting Petty Cash.
d. debiting Petty Cash and crediting Cash.

Question 2

A purchase order is a document that is ________.

A) sent to a supplier or vendor requesting that an item be shipped
B) used internally to request that something be purchased
C) used internally to approve a payment for inventory
D) sent to a supplier along with payment for inventory purchased