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#1 Pelcher Company maintains a $485 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $127 for
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Pelcher Company maintains a $485 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $127 for office supplies, $174 for merchandise inventory, and $87 for miscellaneous expenses. There is a cash overage of $12. Based on this information, the amount of cash in the fund before the replenishment isStep by Step Solution
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