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Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies Prepare the journal entries for the following petty cash transactions of
Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies
Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies Jul. 1 Established a petty cash fund with a $300 balance Jul 31 The petty cash fund has 529 in cash and $276 in petty cash tickets that were issued to pay for Office Supplies ($146) and Entertainment Expense ($130) Replenished the fund and recorded the expenses. Aug. 15 Increased the balance of the petty cash fund to $350. Prepare journal entries (Record debits first, then, credits Select the explanation on the last line of the journal entry table ) Joumalize the establishment of the petty cash fund Date Accounts and Explanation Debit Credit Jul 1 Step by Step Solution
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