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Petty cash was originally established for $26.00. During the month, $5.50 was paid out for folders and $5.70 for soap. During replenishment, the custodian discovered

Petty cash was originally established for $26.00. During the month, $5.50 was paid out for folders and $5.70 for soap. During replenishment, the custodian discovered that the balance in petty cash was $8.50. The custodian decided to raise the level of petty cash to $31.25

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