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Problem - Petty Cash You have been asked to take responsibility of a petty cash fund and replenish it. When you receive the fund, it
Problem - Petty Cash You have been asked to take responsibility of a petty cash fund and replenish it. When you receive the fund, it has $299 in cash and receipts as follows: Office supplies $295 Advertising 120 Transportation by Taxi 75 The petty cash fund was established to have $800 in it. Based on what you have found, what journal entry should be recorded to replenish the fund? Provide the complete journal entry.
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