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Prepare journal entries for the establishment of the fund

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Genesis Company designated Alex Kidd as petty cash custodian and established a petty cash fund of $200. The fund is reimbursed when the cash in the fund is at $17. Petty cash receipts indicate funds were disbursed for office supplies $94 and miscellaneous expenses $87. Prepare journal entries for the establishment of the fund and the reimbursement.

Reference no: EM13511657

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