PETTY CASH WITH CHANGE IN FUND BALANCE Basque, Inc., maintains a petty cash fund with a balance

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PETTY CASH WITH CHANGE IN FUND BALANCE Basque, Inc., maintains a petty cash fund with a balance of $500. On December 31, 2009, Basque’s petty cash account has a balance of $275. Murphy replenishes the petty cash account, as it does at the end of every month, but also decides to increase the balance to $750.

Required:

What entry is made to record this activity?

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