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Petty cash fund Instructions Journalize the necessary entries for each of the following: Required: ...

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Accounting

Petty cash fund
Instructions
Journalize the necessary entries for each of the following:
Required:
a. On March 1, issued a check to establish a petty cash fund of $745.*
b. On April 1, the amount of cash in the petty cash fund is $110. Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $512, and miscellaneous selling expense, $84. Record any missing funds in the cash short and over account.*
*Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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