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please answer! will like LO4. What are the internal control procedures needed for petty cash and how are petty cash transactions recorded? a) Record the
please answer! will like
LO4. What are the internal control procedures needed for petty cash and how are petty cash transactions recorded? a) Record the journal entry to create a petty cash fund of $150. Date Accounts and Explanation Debit Credit b) Record the journal entry to replenish the petty cash fund for $60 to keep the $150 balance. Assume Petty cash was used for the following this period: Office Supplies $25: Delivery Expense $30. Date Accounts and Explanation Debit Credit Step by Step Solution
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