Use the Following Information to Answer Questions $€ 350$ To the Custodian of the Petty Cash Fund

question 10

Multiple Choice

Use the following information to answer questions . On October 2, 2011, Bienvenu Manufacturing Company established a petty cash fund by issuing a check for $€ 350$ to the custodian of the petty cash fund. On October 31, 2011, The custodian submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is $€ 15$ cash in the fund:
$\begin{array} { l r } \text { Freight-in } & € 145 \\ \text { Office Supplies Expense } & 55 \\ \text { Entertainment of clients } & 89 \\ \text { Postage Expense } & 50 \end{array}$
-The journal entry to establish the petty cash fund would include a

• A) credit to cash for \(€ 350\).
• B) credit to Cash Over and Short for \(€ 350\).
• C) credit to Accounts Receivable for \(€ 350\).
• D) Credit to Accounts payable for \(€ 350\).

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