Hazelnut maintains a petty cash fund of $150. On November 30, the fund holds $7 cash, and

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Hazelnut maintains a petty cash fund of $150. On November 30, the fund holds $7 cash, and petty cash tickets for office supplies, $90, and delivery expense, $50.
Requirements
1. Make the journal entry to replenish the petty cash fund.
2. Hazelnut decided to increase the petty cash fund by $100. Prepare the journal entry.
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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0133375534

2nd Canadian edition

Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad

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