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Grouper Company designated Jill Holland as petty cash custodian and established a petty cash fund of $370. The fund is reimbursed when the cash in
Grouper Company designated Jill Holland as petty cash custodian and established a petty cash fund of $370. The fund is reimbursed when the cash in the fund is at $19, which it is. Petty cash receipts indicate funds were disbursed for office supplies $95 and miscellaneous expense $253. Prepare journal entries for the establishment of the fund and the reimbursement
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