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Business, 19.03.2021 02:00 BradFarquharson472

On July 1, check No. 12-375 issued to establish a petty cash fund of $1,125. b. The amount of cash in the petty cash fund which is now $130. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $646; miscellaneous selling expense, $184; miscellaneous administrative expense, $149. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,125, record the discrepancy in the cash short and over account.)

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On July 1, check No. 12-375 issued to establish a petty cash fund of $1,125. b. The amount of cash i...
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