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9 A company establishes a $400 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the
9 A company establishes a $400 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $310 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items Entertainment for office party (petty cash) La maintenance (credit card) - Postage (credit card) Fuel for deliveries (credit card) 5.90 120 75 85 Required: 1. Record the establishment of the petty cash fund on September 4. 2. Record credit card expenditures during the month. The credit card balance is not yet paid. 3. Record petty cash expenditures during the month, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the establishment of the petty cash fund on September 4.
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