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Prepare journal entries

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Question - Palming co. Establishes a $320 petty cash fund on Jan 1. On Jan 8 the fund shows $211 in cash along with receipts for the following expenditures: postage, $47; transportation-in, $12; delivery expenses, $14; and miscellaneous expenses, $36. Palming uses the perpetual system for merchandise inventory. Prepare journal entries?

Reference no: EM132939079

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Prepare journal entries : Palming co. Establishes a $320 petty cash fund on Jan 1. On Jan 8 the fund shows $211 in cash. Prepare journal entries
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