Working backward-petty cash fund

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Reference no: EM13953491

Working Backward: Petty Cash Fund

Denison Corp. established a petty cash fund at the beginning of the current month. At the end of the month, the amount of coin and currency on hand was $65.50. Denison recorded the following entry at the end of the current month to replenish the petty cash fund:

Jan. 31	Postage Expense	44.00
	Delivery Expense	49.70
	Entertainment Expense	22.40
	Office Supplies Expense	66.20
	Cash Over and Short	2.20
	Cash		184.50

Requireda

To record replenishment of petty cash fund.

Determine the amount of the check written at the beginning of the month to establish the fund.

Reference no: EM13953491

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