based on this information how do i correct the chart below Fresh Foods established a petty cash
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Question:
based on this information how do i correct the chart below
Fresh Foods established a petty cash fund of $325 on January 2. On January 31, the fund contained cash of $133.60 and vouchers for the following cash payments.
Maintenance expense | $ 81.50 |
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Office supplies | 79.00 |
Transportation expense | 28.50 |
The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund. Assume the company uses the alternative approach to petty cash expense recognition and replenishment.
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