The petty cash account has a debit balance of $800. At the end of the accounting period,

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The petty cash account has a debit balance of $800. At the end of the accounting period, there is $110 in the petty cash fund, along with petty cash receipts totaling $690. Should the fund be replenished as of the last day of the period? Discuss.

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Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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Question Posted: Nov 06, 2012 02:38 AM

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The petty cash account has a debit balance of $800. At the end of the accounting period,

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Accounting

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