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Problem 5: Prepare journal entries for the following petty cash fund transactions: Sept. 1 Established a $250 petty cash fund. 30 Replenished the petty cash
Problem 5: Prepare journal entries for the following petty cash fund transactions: Sept. 1 Established a $250 petty cash fund. 30 Replenished the petty cash fund. Currency remaining was $128; approved paid vouchers were: $12 donation expense; $18 postage; $24 office supplies expense; and $26 miscellaneous expense. Date Accounts Debit Credit
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