Business, 21.04.2020 01:26, msheehan4737

Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized receipts for postage ($140) and printing ($54).

Prepare the necessary journal entry.

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Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the f...