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Victor Company established a $100 petty cash fund on July 1 . On July 30 , the fund had $18 cash remaining and petty cash

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Victor Company established a $100 petty cash fund on July 1 . On July 30 , the fund had $18 cash remaining and petty cash receipts for postage $19, office supplies $35, and transportation expense \$24. Prepare journal entries on July 1 and on July 30. Instructions: (a) Prepare the journal entry on July 1. (b) Prepare the journal entry on July 30

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