On April 30, Midwest Company established a petty cash fund of $1,000. On May 1, a disbursement of $355 was made from the fund for payment of delivery expense. What entry should be made on May 1 to record this disbursement?
A. Debit delivery expense and credit petty cash for $355.
B. Debit petty cash and credit cash for $355.
C. Debit delivery expense and credit cash for $355.
D. No entry is necessary on May 1.
Answer: D
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