Jackson Co. needs to replenish its petty cash fund. Currently, it contains $5 in cash and receipts for supplies of $40 and delivery expenses of $49

XYZ Co. decided to create a petty cash fund. They estimated that $100 would be needed in the fund.
Demonstrate the correct journal entry to create the account by choosing the correct action from those
below.

Petty Cash is debited for $100.
Petty Cash is credited for $100.
Miscellaneous Expense is debited for $100.
Cash Is debited for $100.


Jackson Co. needs to replenish its petty cash fund. Currently, it contains $5 in cash and receipts for
supplies of $40 and delivery expenses of $49. The fund was initially established with $100. Demonstrate
the journal entry to replenish the account and recognize the cash shortage by choosing the correct
actions from those given below. (Check all that apply.)