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Business, 16.04.2020 17:28 yeet1570

Assume a company holds a $200 Petty Cash fund. It expends $135 as follows: $60 for delivery expenses, $40 for postage, $35 for office supplies. There is $30 of cash remaining in the fund. The accountant wishes to reduce the petty cash fund to $175. The journal entry to replenish the petty cash fund and reduce the balance of the fund includes

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Assume a company holds a $200 Petty Cash fund. It expends $135 as follows: $60 for delivery expenses...
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