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Business, 20.03.2020 02:05 teescub812

Peterson Company's petty cash fund was established on January 1 with $500. On January 31, a count of the fund revealed: $105 in cash remaining and vouchers for miscellaneous expenses totaling $400. If the entries to record the disbursements and to replenish the fund are combined, what effect will the resulting entry have on the elements of the’ financial statements?

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Peterson Company's petty cash fund was established on January 1 with $500. On January 31, a count of...

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