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Journalize the entries to record the following:
Jun 1 Established a petty cash fund of $200
Jun 30 The amount of cash in the petty cash fund is now $57.The fund is replenished based on the following receipts: postage,$25;entertainment $100;miscellaneous $20.
Record any discrepancy in the cash short and over account.
Journal
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Sentences that lead readers to misinterpret the first part, requiring a reevaluation for understanding.
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