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Calculate any cash overage or shortage

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Question - Please provide a step by step solution

On May 1, 2019, Hit Design set up a petty cash fund for $350. At the end of the first week, the petty cash fund contains the following items.

Cash on hand $158

Receipt for the purchase of office supplies $36

Receipt for the delivery charges $17

Receipt for the purchase of stamps $11

Receipt for travel to a client meeting $48

Receipt for the payment of newspaper advertising $73

Required - Calculate any cash overage or shortage.

Reference no: EM132544120

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