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Maritime Distributors created a $600 imprest petty cash fund on September 7 with the expectation that when the balance reached below $100, it would be

Maritime Distributors created a $600 imprest petty cash fund on September 7 with the expectation that when the balance reached below $100, it would be replenished. During the first month of use, the fund custodian authorized and signed petty cash tickets as shown below.
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Date Ticket No. Amount 1 Sep. 8 Sep. 22 Item Delivery of flyers to customers Stamp purchase Newsletter $ 132.50 88.50 2 Account Debited Delivery Expense Postage Expense Supplies Expense Miscellaneous Expense Supplies Expense Sep. 29 3 62.00 Oct. 3 4 10.50 Key to closet Staples Oct. 13 5 19.00 Suppose, one month later, on November 15 the company decided to decrease the petty cash fund by $50 due to theft and break-ins in the area. Journalize the decrease in the petty cash fund Journalize the decrease in the petty cash fund. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Accounts and Explanations Debit Credit Nov 15

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