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Prepare the journal entry to record the reimbursement

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Question - Spencer Co. has a $260 petty cash fund. At the end of the first month the accumulated receipts represent $49 for delivery expenses, $151 for merchandise inventory, and $18 for miscellaneous expenses. The fund has a balance of $42. Prepare the journal entry to record the reimbursement of the account?

Reference no: EM132559186

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