Record the following petty cash transactions of Cheap Paper Corp
Record the following petty cash transactions of Cheap Paper, Corp., in the journal; explanations are not required.
Sep 1 Established a petty cash fund with a $225 balance.
30 The petty cash fund had $37 in cash and $182 in petty cash tickets that were issued to pay for office supplies ($112) and entertainment expense ($70). Replenished the fund.
30 Increased the petty cash fund balance to $295.

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