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Make recognition of expenses and replenishment of the fund

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Fresh Foods established a petty cash fund of $300 on January 2. On January 31, the fund contained cash of $101.55 and vouchers for the following cash payments:

Maintenance expense         $84.25

Office supplies                     79.00

Transportation expense             31.00

Question 1: Make The three distinct accounting events affecting the petty cash fund for the period were establishment of the fund, reimbursements made to employees, and recognition of expenses and replenishment of the fund.

Reference no: EM132532345

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