On July 1, a petty cash fund was established for S100.00. The following vouchers were issued during
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Question:
On July 1, a petty cash fund was established for S100.00. The following vouchers were issued during July:
REQUIRED
1. Prepare the journal entry to establish the petty cash fund.
2. Record the vouchers in the petty cash record. Total and rule the petty cash record.
3. Prepare the journal entry to replenish the petty cash fund. Make the appropriate entry in the petty cash record.
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