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Exercise 6-13A Effect of establishing a petty cash fund LO 6-4 Chen Company established a $325 petty cash fund on January 1, Year 1. Required a. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Show the establishment of the petty cash fund in a horizontal statements model like the following one: c. Record the establishment of the fund in general Journal format. Complete this question by entering your answers in the tabs below. Required A Required B Required C Is the establishment of the petty cash fund an asset source, use, or exchange transaction? Is the establishment of the petty cash fund an asset source, use, or exchange transaction? Asset exchange SILLE Required B > Exercise 6-13A Effect of establishing a petty cash fund LO 6-4 Chen Company established a $325 petty cash fund on January 1 Year 1, Required a. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Show the establishment of the petty cash fund in a horizontal statements model like the following one: c. Record the establishment of the fund in general journal format. Complete this question by entering your answers in the tabs below. Required A Required B Required Show the establishment of the petty cash fund in a horizontal statements model like the following one: (in the Cash Flow column, use the initias OA to designate operator activity, TA for investing activity, FA for financing activity, and NA for not affected. Enter any decreases to account balances with a minus sign) CHEN COMPANY Statements Model Stockholders Assets Liabilities Revenue Expense Net Income Cash Flow Equity Cash Patty Cash

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