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At the end of the month, a company is replenishing the petty cash fund with a cheque for $87. Cash receipts for the fund total
At the end of the month, a company is replenishing the petty cash fund with a cheque for $87. Cash receipts for the fund total $87, which all relates to postage purchased. What is the impact of the entry to record this replenishment cheque on the financial statements?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
