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1 14 a) taxi $17.52 Q1. ABC Co, established a petty cash fund. The following transactions occurred in January 2022: Established a petty cash fund

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1 14 a) taxi $17.52 Q1. ABC Co, established a petty cash fund. The following transactions occurred in January 2022: Established a petty cash fund for $150. The following expenditures made since Jan 3, b) shipping $20.50 c) minor repairs $55.30 d) miscellaneous expenses $19.63 counted $39.05 remaining in the petty cash safe. Increased the fund to $250. The cashier reported that $76.39 remained in the fund. The following expenditures made since Jan. 14; a) advertisement $52 b) postage $55.61 c) delivery $65 31 Decreased the fund to $200. Required: Prepare the journal entries and post to necessary ledger accounts. IS 31

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