Question: Journalize the entries to record the following: a. Established a petty cash fund of $750. b. The amount of cash in the petty cash fund
Journalize the entries to record the following:
a. Established a petty cash fund of $750.
b. The amount of cash in the petty cash fund is now $119.57. Replenished the fund, based on the following summary of petty cash receipts: office supplies, $415.83; miscellaneous selling expense, $126.50; miscellaneous administrative expense, $88.10.
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