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Petty Cash
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Petty Cash
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6. Internal Controls and Reporting Cash / Petty Cash / Problem 6
Problem 6
If a petty cash fund is used to pay \$40 for postage, \$30 for supplies, and \$20 for delivery, what is the total amount to be recorded as expenses?
A
\$60
B
\$90
C
\$70
D
\$80
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