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Problem 1 Jordan Company decided to open a petty cash fund and completed the following transactions during the month of April 2018: April 1 Established

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Problem 1 Jordan Company decided to open a petty cash fund and completed the following transactions during the month of April 2018: April 1 Established a Petty Cash Fund for S 500 30 Petty cash on hand at the end of April was $ 171.70 and the fund was replenished for the following disbursements each supported by a petty cash receipt. April Cleaning Supplies, $ 47.60. 2 12 Express charges on merchandise sold, $ 19.00 14 Postage Expense, $ 27.90 17 Express charges on merchandise purchased, $ 28.15 18 Repair to the printer, $ 51.00 21 Cleaning Supplies, 35.50 25 Postage Expense, $ 32.00. 29 Office Supplies $ 75.00. (FOB) Destination. Perpetual system. (FOB) Shipping Point. Perpetual system. 30 Decreased the petty cash fund by $ 50.00 Instructions: Record the journal entries to establish the petty cash fund, replenish the fund and to decrease the fund. Use the page provided for your calculations

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