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Prepare the journal entry to record establishment and the replenishment of the petty cash fund...

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Accounting

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Prepare the journal entry to record establishment and the replenishment of the petty cash fund of Al-Rajhi Company. On September 1 The company established a petty cash fund of SR1,000. On September 30 The petty cash is replenished when the fund contains SR110 in cash and receipts for postage SR600, freight-out SR200, and travel expense SR100

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