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Prepare the general journal entry to record reimbursement

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Reference no: EM132949924

The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash fund was replenished and increased to $1,500. The contents of the petty cash fund prior to the October 15 replenishment were:

Currency and coins $112
Petty cash receipts for:
Transportation $137
Delivery expense 240
Repairs to office equipment 153
Postage 230
Entertainment of customers 130 890
Total $1,002

Problem 1: Prepare the general journal entry to record the reimbursement and increasing of the fund on October 15.

Reference no: EM132949924

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