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A company plans to decrease a $370 petty cash fund to $160. The current balance in the account indicates $120 in receipts and $335 in
A company plans to decrease a $370 petty cash fund to $160. The current balance in the account indicates $120 in receipts and $335 in currency. The entry to reimburse and reduce the size of the petty cash would be
credit cash 175, debut cash 175, debit petty cash 180, or debit petty cash 120?
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