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(picture attached) Prepare journal entries for the establishment of the fund and the reimbursement. * Question 1 Bonita Company designated Jill Holland as petty cash
(picture attached) Prepare journal entries for the establishment of the fund and the reimbursement.
* Question 1 Bonita Company designated Jill Holland as petty cash custodian and established a petty cash fund of $360. The fund is reimbursed when the cash in the fund is at $30, which it is. Petty cash receipts indicate funds were disbursed for office supplies $91 and miscellaneous expense $236. Prepare journal entries for the establishment of the fund and the reimbursement. (If no entry is required select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)Step by Step Solution
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