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Current Attempt in Progress Waterway Inc. maintains a petty cash fund with a balance of...

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Accounting

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Current Attempt in Progress Waterway Inc. maintains a petty cash fund with a balance of $116. A disbursement of $11 from the fund for postage is recorded as an expense in the accounting records O at the time the cash is taken from the fund. when the petty cash fund is replenished. O when the postage is used. O when the adjusting entries are prepared at year end

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