Which of the following entries would be required to establish a $500 petty cash fund?
A.
| Miscellaneous expense | 500 | |
| Petty Cash | 500 |
B.
| Petty Cash | 500 | |
| Cash | 500 |
C.
| Petty Cash | 500 | |
| Miscellaneous expense | 500 |
D.
| Cash | 500 | |
| Petty Cash | 500 |
Answer: B
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