Use the Following Information to Answer Questions on July

Multiple Choice

Use the following information to answer questions On July 31, the office manager gives instruction to increase the petty cash fund to CHF300.
-The journal entry to increase the petty cash fund would include

A) credit to Cash for CHF292.50.
B) credit to Petty Cash for CHF242.50.
C) debit to Cash for CHF92.50.
D) debit to Petty Cash for CHF50.