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A Petty Cash Fund Was Originally Established with a Check

Question 183

Essay

A petty cash fund was originally established with a check for $150 On September 10,the petty cash fund was replenished when there was $4.25 remaining and there were petty cash receipts for postage,$43.50; supplies,$51.85; and equipment repair,$49.00.
Required:
Prepare the journal entry,if any,required,to record the replenishment of the petty cash fund on December 31.

Correct Answer:

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