Prepare journal entries for the following petty cash fund transactions:
Nov. 1 Established a $50 petty cash fund.
15 Increased the petty cash fund to have a new balance of $100.
30 Replenished the petty cash fund. Currency and coins remaining were $20.
Approved paid vouchers were: $10 donation expense; $16 postage expense;
$30 office supplies expense; and $20 misc. expense.

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The Answer of Prepare journal entries for the following petty cash fund transactions:
Nov. 1 Established a $50 petty cash fund.
15 Increased the petty cash fund to have a new balance of $100.
30 Replenished the petty cash fund. Currency and coins remaining were $20.
Approved paid vouchers were: $10 donation expense; $16 postage expense;
$30 office supplies expense; and $20 misc. expense.

Prepare Journal Entries for the Following Petty Cash Fund Transactions