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Prepare the journal entry to increase the petty cash

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On February 10, this year, the company established a $400 petty cash fund. We use perpetual inventory system At the end of February, the petty cash fund contained:

Cash on hand $54.30
Petty cash tickets for
Transportation In $115.32
Office supplies 74.24
Coffee supplies 26.52
Computer paper 99.25
Lunch for meeting 28.46

Problem 1: Prepare the journal entry to establish the petty cash fund on February 10

Problem 2: Prepare the journal entry, at the end of February, to replenish the petty cash fund.

Problem 3: Prepare the journal entry to increase the petty cash by $50 to be $450 now.

Reference no: EM132767295

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