Present Entries to Record the Following Transactions

question 110

Essay

Present entries to record the following transactions:
(a)Established a petty cash fund of $235.
(b)The petty cash fund now has a balance of $42.80. Replenished the fund, based on the following disbursements as indicated by a summary of the petty cash receipts: office supplies, $74.50; miscellaneous administrative expense, $92.75; and miscellaneous selling expense, $18.60.
(c)Increased the petty cash fund to $300.

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