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Slim Company uses an petty cash system. The fund was established on March 1 with a balance of $200. During March, the following petty cash
Slim Company uses an petty cash system. The fund was established on March 1 with a balance of $200. During March, the following petty cash receipts were found in the petty cash box.
Date | Receipt No. | For | Amount |
3/5 | 1 | Stamp Inventory | $76 |
7 | 2 | Freight-Out | 42 |
9 | 3 | Miscellaneous Expense | 22 |
11 | 4 | Travel Expense | 44 |
14 | 5 | Miscellaneous Expense | 10 |
The fund was replenished on March 15 when the fund contained $5 in cash.
On March 20, the amount in the fund was increased to $300.
Instructions: Journalize the entries in March that pertain to the operation of the petty cash fund.
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