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A Petty Cash Fund Was Established with a $300 Balance

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Essay

A petty cash fund was established with a $300 balance. It currently has cash of $77 and petty cash tickets totaling $222 for travel expense. Please provide the journal entry to record the replenishment of the account.
A petty cash fund was established with a $300 balance. It currently has cash of $77 and petty cash tickets totaling $222 for travel expense. Please provide the journal entry to record the replenishment of the account.


Definitions:

Social Attraction

The force that draws people together to form friendships, relationships, or to become part of a group, influenced by factors like similarities, admiration, and shared interests.

Prototypical

Representing the most characteristic or typical example of a certain category or concept.

Initiation Rite

A ceremonial event or process marking the admission or acceptance of a person into a group or society, often involving specific rituals.

Role Transition

The process of changing from one role to another, which may involve shifts in identity, responsibilities, or social positioning.

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