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 would:

a. debit Cash for $50.
b. credit Cash for $150.
d. debit Petty Cash for $150.
d. debit Petty Cash for $50.

Answer 1

Step-by-step explanation:

Debit petty cash for $50