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.
C) Debit the Petty Cash account and credit the Cash account for $350.
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