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A company establishes a $ 4 5 0 petty cash fund on August 3 to pay for minor cash expenditures. The fund is replenished at
A company establishes a $ petty cash fund on August to pay for minor cash expenditures. The fund is replenished at the end of each month. In addition, the company has issued credit cards for more substantial employee purchases. These credit cards are issued to authorized managers. At the end of August, the following employee purchases have been made:
Petty Cash Fund Credit Cards
Delivery fees $ Equipment $
Plumbing maintenance Advertising
Postage Supplies
Flowers for the office
$ $
Required:
Record the establishment of the petty cash fund on August employee expenditures related to the petty cash fund on August and employee expenditures related to credit cards on August If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
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