How doprepare bank reconciliation and journalize the entries

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Journalize the entries to record the following:

Aug 1. Established a petty cash fund of $500

Aug 30. The amount of cash in the petty cash fund is now $190. The fund is replenished based on the following receipts: office supplies, $220; postage, $80. Record any discrepancy in the cash short and over account.

Required

Problem 1: Prepare bank reconciliation and journalize the entries.

Reference no: EM132755630

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