A petty cash fund was established with a $300 balance. It currently has cash of $73 and petty cash tickets totaling $222 for travel expense. Provide the journal entry to record the replenishment of the fund
What will be an ideal response
Journal entry
Travel Expense 222
Cash Short & Over 5
Cash 227
Business
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Direct marketing is an expensive way of reaching target markets
Indicate whether the statement is true or false
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