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Question 36 2.5 points Save Answer Lori Therapeutics established a petty cash account for its chief marketing officer, Mark Lavender. The account was funded with

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Question 36 2.5 points Save Answer Lori Therapeutics established a petty cash account for its chief marketing officer, Mark Lavender. The account was funded with $1,000 on May 10th to pay for meals with clients. By May 20th, Mr. Lavender had spent all the petty cash on lavish dinners with clients and, after asking for replenishment, was told by the CFO that his petty account had been reduced to $250, until he learns to be more responsible with company money On May 20th, Lori Therapeutics will use the following entry: A Cash 250 Meal expenses 750 Petty Cash 1,000 B. Mcal Expenses 1,000 Petty Cash 750 Cash 250 C. Meal Expense 1,000 Cash 1,000 D. Mcal Expense 1,000 Petty Cash 1,000

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