Business, 03.03.2020 06:05, caelilou

1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the following receipts: entertainment, $70; postage, $30; and printing, $22.Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.

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1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund conta...