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Exercises 1. Crimpson Company had the following petty cash transaction during January 2016: Jan. Established a petty cash fund of $200 12 Reimbursed the fund

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Exercises 1. Crimpson Company had the following petty cash transaction during January 2016: Jan. Established a petty cash fund of $200 12 Reimbursed the fund for the following expenses: Supplies expense Postage expense Miscellaneous expenses 25.00 $65.00 45.00 Petty cash on hand prior to reimbursement was $68.00 28 Reimbursed the fund for the following expenses: Supplies expense Miscellaneous expenses 35.00 $75.00 Petty cash on haid prior to reimbursement was $86.00 31 Reduced the amount of the fund to $150.00 Required: Prepare the journal entries for the above January petty cash fund transactions

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