On november 1 a company established a 90 petty cash fund., Ask an Expert

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On November 1, a company established a $90 petty cash fund. On November 12, the petty cash fund contains $3 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory, $14.25; postage, $34.50; and office supplies, $36. Give the entry to reimburse the fund and to increase its amount to $150 on November 12.

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Accounting Basics, Accounting

Category:- Accounting Basics
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