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    Business
  3. Study Set
    Financial Accounting Information for Decisions
  4. Exam
    Exam 6: Reporting and Analyzing Cash and Internal Controls
  5. Question
    The Entry to Increase the Balance in Petty Cash from $50
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The Entry to Increase the Balance in Petty Cash from $50

Question 193

Question 193

True/False

The entry to increase the balance in petty cash from $50 to $75 would be to credit the Petty Cash account in the amount of $25.

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