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Q2

Loucks Company established a $300 petty cash fund on October 2, 2018. The fund is replenished at the end of each month. At the end of October 2018, the fund contained $77 in cash and the following receipts: $96 68 office supplies Lunch with client Postage Miscellaneous 30 29 Required: Prepare the necessary general journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the transaction to establish the petty cash fund. Journal entry worksheet