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Prepare the necessary entries for petty cash: a. Company establishes a petty cash fund of $500. b. Company replenishes the petty cash fund, identifying receipts

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Prepare the necessary entries for petty cash: a. Company establishes a petty cash fund of $500. b. Company replenishes the petty cash fund, identifying receipts in the following amounts: Supplies Expense: Meals Expense: Delivery Expense: 50 25 10 The company put $105 back into the petty cash drawer to replenish the fund back to $500 c. The company increases the petty fund account to $550

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