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A company determines the petty cash fund needs to be increased by $50. At the end of the month, the replenishment cheque is written for
A company determines the petty cash fund needs to be increased by $50. At the end of the month, the replenishment cheque is written for $92 which includes increasing the petty cash fund by $50. What is the impact on the cash balance with this replenishment cheque? cash decreases by $42 O no impact on cash O cash decreases by $92 O cash increases by $42
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