question archive On January 1 of this year, Gamma, Inc

On January 1 of this year, Gamma, Inc

Subject:AccountingPrice:2.84 Bought3

On January 1 of this year, Gamma, Inc., established a Petty Cash Fund with $250. To record the establishment of the Petty Cash Fund, Gamma's accountant will: O a. debit Petty Cash Fund for $250 and credit Cash for $250. O b. debit Petty Cash Fund for $250 and credit Inventory for $250. O c. debit Cash for $250 and credit Petty Cash Fund for $250. O d. debit Receivables for $250 and credit Petty Cash Fund for $250.

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