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What journal entry would need to be made on the companys

Question - The original petty cash fund was established for $350. The company decides to decrease the fund by $50, leaving a total petty cash fund of $300. What journal entry would need to be made on the company's books to record the decrease in the fund?

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Accounting Basics: What journal entry would need to be made on the companys

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Accounting Basics: What journal entry would need to be made on the companys

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