Journalize the entries to record the following:
Sept.1 Established a petty cash fund of $350.
30 The amount of cash in the petty cash fund is now $130.The fund is replenished based on the following receipts: office supplies,$116; postage,$100.
Journal
Definitions:
Owner's Capital
The total equity or net worth owned by the proprietor of a company, reflecting the amount invested plus any retained earnings.
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