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Question
Prepare journal entries for the following petty cash fund transactions:
Established a $75 petty cash fund. Increased the petty cash fund to $100. Replenished the petty cash fund. Currency and coins remaining were $20. Approved paid vouchers were $12 donation expense, $21 postage expense, $30 office supplies expense and $15 miscellaneous expense.
Required:
Prepare in good form the above entries in a General Journal. Proper Dates and an Explanation is required for each entry.
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