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3. Record Journal Entries for the following Petty Cash transactions: a. The petty cash fund was established on April 1 for $1,200. b. On April

3. Record Journal Entries for the following Petty Cash transactions:

a. The petty cash fund was established on April 1 for $1,200.

b. On April 29, the petty cash fund was replenished. At that time, there was $200 in cash remaining and the following petty cash receipts: office supplies expense $650; a selling expense $230; administrative expense $90. (Hint: you will need to use Cash Over & Short)

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