Essay
Journalize the entries to record the following:
June 1 Established a petty cash fund of $200.30 The amount of cash in the petty cash fund is now $57. The fund is replenished based on the following receipts: postage, $25; entertainment, $100; and miscellaneous, $20. Record any missing funds in the cash short and over account.Journal
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Correct Answer:
Verified
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