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Please solve Kingbird, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is
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Kingbird, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $265. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 , when the balance in petty cash was $12, is as follows. The company uses a periodic inventory system. Date Account Titles and Explanation Debit Credit Step by Step Solution
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