Question

Lynn’s Music School created a $370 petty cash fund on August 1. During the month, the fund custodian authorized and signed petty cash tickets as follows:


Requirements
1. Record the journal entry to create the petty cash fund.
2. Assuming that the cash in the fund totals $226 on August 31, make the journal entry to replenish the petty cashfund.


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  • CreatedApril 29, 2014
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