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Fresh Foods established a petty cash fund of $300 on January 2. On January 31, the fund contained cash of $107.30 and vouchers for the

Fresh Foods established a petty cash fund of $300 on January 2. On January 31, the fund contained cash of $107.30 and vouchers for the following cash payments. Maintenance expense $ 82.50 Office supplies 70.20 Transportation expense 38.00 The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund. Assume the company uses the alternative

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