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Part 5: Petty Cash is represented by a locked box with money in it that can be used for small purchases the company needs to

Part 5: Petty Cash is represented by a locked box with money in it that can be used for small purchases the company needs to make. Show the journal entries for the following two transactions: a. You open the Petty Cash Fund by obtaining $300.00 in currency and coins which you place into a box that can be locked. Date Account Debit Credit

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