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1.A petty cash fund is established on January 1st in the amount of $500.On January 31st, the fund contained $280 in cash and $215 in

1.A petty cash fund is established on January 1st in the amount of $500.On January 31st, the fund contained $280 in cash and $215 in receipts for miscellaneous expenses before replenishment.Record the Journal Entries for January 1st and January 31st.

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