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On May 1,a Company Established a $125 Petty Cash Fund

Question 191

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On May 1,a company established a $125 petty cash fund.On May 22,the petty cash fund contains $6 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory $25; postage,$21; and office supplies,$66.Record the general journal entry to reimburse the fund.

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