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Austin Company established a petty cash fund by issuing a check for $340 and appointing Steve Mack as petty cash custodian. Mack had vouchers for

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Austin Company established a petty cash fund by issuing a check for $340 and appointing Steve Mack as petty cash custodian. Mack had vouchers for the following petty cash payments during the month: There was $29 of currency in the petty cash box at the time it was replenished. The four dlstinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, (3) recognition of expenses, and (4) replenishment of the fund Assume the company uses a traditional approach to petty cash expense recognition and replenishment. Problem 6-24A (Algo) Part a Required a. Prepare all general journal entries necessary to (1) establish the fund, (2) reimburse employees, (3) recognize the expenses and replenish the fund. (If no entry is required for a transaction/event, select "No journat entry required" in the first account field.)

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