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Tofino Enterprises Has a Petty Cash Fund of $275

question 121

Essay

Tofino Enterprises has a petty cash fund of $275. At the end of June, $14.37 remains in the fund along with $269.43 in various receipts. The journal entry to replenish the fund would be:


Definitions:

Financial Matters

Issues or considerations related to money, including budgeting, investing, borrowing, and managing finances both personally and within organizations.

HR Professionals

Individuals who work in human resources, focusing on recruitment, management, and guidance to employees within an organization.

HRM Issues

Challenges or problems related to human resource management, including recruitment, training, performance management, and employee relations.

Human Resource Managers

Professionals responsible for overseeing the recruitment, training, and welfare of employees within an organization.

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