Business, 07.03.2020 06:12 ckenyewildon

Canary Inc. maintains a petty cash fund with a balance of $1,800. During the month of September, Canary's employees made routine expenses using cash from the petty cash fund totaling $1,150. At the end of September, Canary replenishes the petty cash account, but it also decides to increase the fund balance to $2,000. Canary classifies all petty cash transactions as miscellaneous expense.

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Canary Inc. maintains a petty cash fund with a balance of $1,800. During the month of September, Can...

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