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Vaughn Company established a petty cash fund on May 1 , cashing a check for $ 1 2 5 . 0 0 . The company
Vaughn Company established a petty cash fund on May cashing a check for $ The company reimbursed the fund on June and July with the following results.
June : Cash in fund $
Receipts: delivery expense $ postage expense $ and miscellaneous expense $
Jly : Cash in fund $
Receipts: delivery expense $ entertainment expense $ and miscellaneous expense $
On July Vaughn increased the fund from $ to $
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