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