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Record the journal entry on september

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Question - Crane Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $210. On September 30, there were $55 cash and the following petty cash receipts in the petty cash box:

1. Record the journal entry on September 4 to establish the petty cash fund.

2. Record the journal entry on September 30 to replenish the fund and decrease the balance to $140.

Reference no: EM133166022

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