On January 1, Lucas Established a Petty Cash Fund of $350

On January 1, Lucas established a petty cash fund of $350, which it replenishes at the end of each month. When a surprise count of the petty cash fund is made on March 5, the petty cash box contains $70 in cash and receipts for the following items: This situation indicates:

A) Approximately $210 of petty cash has been invested in cash equivalents.
B) There were approximately $210 in cash disbursements made from the petty cash fund for the first two months of the year.
C) The petty cash expense recognized for the month of March is approximately $210.
D) There is approximately $210 of petty cash that is missing and unaccounted for at March 5.