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