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erastovalidia [21]
2 years ago
8

A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is:

Business
1 answer:
lord [1]2 years ago
4 0

Answer:

Debit to Cash $100, Credit to Petty cash $100

Explanation:

A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is:

Date   Journal Entry          Debit     Credit

           Cash                        $100

               Petty cash                          $100

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