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Swifty Inc. maintains a petty cash fund with a balance of $106. A disbursement of $11 from the fund for postage is recorded as an
Swifty Inc. maintains a petty cash fund with a balance of $106. A disbursement of $11 from the fund for postage is recorded as an expense in the accounting records when the postage is used. at the time the cash is taken from the fund. when the petty cash fund is replenished. when the adjusting entries are prepared at year end
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