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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 Ca…

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 Ca…
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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.

User Josias
by
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1 Answer

5 votes

Answer:

Step-by-step explanation:

Debit petty cash for $50

User Philip Hanson
by
8.1k points
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