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1. record the following transactions: A. Started a petty cash fund in the amount of $500 B. replenished petty cash fund using the following expenses:

1. record the following transactions:

A. Started a petty cash fund in the amount of $500

B. replenished petty cash fund using the following expenses: Auto $24, office expenses $43, postage expense $19, miscellanoeous expenses $25, cash on hand is $389

C: the company has decided to reduce the petty cash fund to $300

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