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Business, 05.05.2020 06:56 misstaejailicious200

Ferguson Co. decides to establish a petty cash fund with a beginning balance of $200. The company decides that any purchase under $25 can be processed through petty cash instead of the voucher system. The journal entry to record establishing the account is:

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Ferguson Co. decides to establish a petty cash fund with a beginning balance of $200. The company de...

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