Prepare journal entries for each of the following: a. Issued a check to establish a petty cash

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Prepare journal entries for each of the following:
a. Issued a check to establish a petty cash fund of $750.
b. The amount of cash in the petty cash fund is $115. Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $515 and miscellaneous selling expense, $88. Record any missing funds in the cash short and over account.
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Financial Accounting

ISBN: 978-1305088436

14th edition

Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac

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