Question: Using the information provided below, prepare the journal entries to (1) set up the petty cash fund, and (2) replenish the petty cash fund. 5-Jun
Using the information provided below, prepare the journal entries to (1) set up the petty cash fund, and (2) replenish the petty cash fund.

5-Jun 30-Jun Establish a $200 petty cash fund with cash withdrawn from company checking account. The petty cash fund has $10 remaining and needs to be replenished. Expenditures for June were $60 for supplies, $50 for meals, $65 for postage, and $20 for freight-in
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