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Business, 19.03.2020 00:39 mia3128

Gross Company established a $250 petty cash fund on January 1. On March 1, the fund contained $160 in receipts for miscellaneous expenses and $85 in cash. 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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Gross Company established a $250 petty cash fund on January 1. On March 1, the fund contained $160 i...
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