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Aquamarine Co $450\quad\$ 450 Other Income $450\quad \$ 450 B)
Change Fund $450\quad \$ 450

Question 55

Multiple Choice

Aquamarine Co. establishes a Change Fund of $450. Which of the following journal entries records this transaction?


A)
Accounts Payable $450\quad\$ 450
Other Income $450\quad \$ 450
B)
Change Fund $450\quad \$ 450
Cash $450\quad \$ 450
C)
 Petty Cash Fund $450\text { Petty Cash Fund } \$ 450
 Cash $450\text { Cash } \quad \$ 450
D)
Change Fund $450\quad \$ 450
Petty Cash Fund $450\quad \$ 450

Correct Answer:

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