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Prepare journal entries to establish the fund on August

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Question - Coronado Company established a $100 petty cash fund on August 1. On August 31, the fund had $15 cash remaining and petty cash receipts for postage $40, office supplies $29, and miscellaneous expense $13. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 31.

Reference no: EM132709820

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