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Question - Pelcher Co. maintains a $415 petty cash fund. On January 31 the fund is replenished. The accumulated receipts on that date represents $113 for office supplies, $146 for merchandise inventory and $73 for miscellaneous expenses. There is a cash overage of $10. Based on this information, what the amount of cash in the fund before the replenishment?
a. $83
B. $73
C. $332
D. $415
C. $93
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Inlcuded in Perry's capital balance is a $20,000 partnership loan owed to Perry. Perry, Quincy, and Renquist shared profits and losses in a ratio of 2:4:4. Liquidation expenses were expected to be $15,000.
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