Based on the fact that the Jackson Brothers want to create a petty cash fund, the journal entry would be:
Date Account title Debit Credit
XX-XX-XXXX Petty cash $200
Cash $200
<h3 /><h3>How is petty cash created?</h3>
In order to create the petty cash account, a cash amount needs to be debited to it to show that it is increasing in value.
The cash account would then have to be credited by the amount that the petty cash account was debited by which in this case is $200. This shows that the cash account is decreasing.
Find out more on petty cash accounts at brainly.com/question/6893535
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I'm really sorry but you didn't gave any options...
