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On June 1, a Company Established a $75 Petty Cash

Question 172

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On June 1, a company established a $75 petty cash fund. On June 27, the petty cash fund contains
$5.25 in cash and the following paid petty cash receipts: postage, $19.50; office supplies, $36.25; and miscellaneous expense $14.00. Give the general journal entry to reimburse the fund on June 27.

Correct Answer:

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