The Petty Cash Fund Has a Current Balance of $250,which

question 158

Multiple Choice

The petty cash fund has a current balance of $250,which is the established fund balance.Based on activity in the fund,it is determined that the balance needs to be changed to $600.Which journal entry is needed to make this change?

• A) Debit the Petty Cash account and credit the Cash account for $600.
• B) No journal entry is needed because this change only involves cash.
• C) Debit the Petty Cash account and credit the Cash account for $350.
• D) Debit the Cash account and credit the Petty Cash account for $350.

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Definitions:

Drug Dependency

A condition resulting from the chronic use of a drug where a person's body or mind feels a compulsory need to continue use despite potential harm.

Freebasing

A method of using drugs, especially cocaine, by converting them into a base so they can be smoked, leading to intense but short-lived effects.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, serving as the main control center for the body's functions and responses.

Free-based THC

Refers to a method of consuming THC, the psychoactive component in cannabis, by heating it without the presence of a solvent, creating a smokable form.