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record these transactions in order of occurrence in Tom's General Journal. Tom decides to set up a Petty Cash fund in $100. He writes a
record these transactions in order of occurrence in Tom's General Journal.
Tom decides to set up a Petty Cash fund in $100. He writes a check and takes it to the bank to cash it to get change and small denominations of currency. After a week, the Petty Cash fund has dwindled in amount and has receipts for cash payments issued from it as follows: Delivery Expense $24.00 Flowers Expense $36.00 Postage Expense $10.00 Supplies Expense $15.00 He writes a check to reimburse the Petty Cash fund. He decides to increase the amount of the fund to $200.00 and writes a check to do so. Properly record these transactions in order of occurrence, i.e. establish, reimburse, increase, in Tom's General JournalStep by Step Solution
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