smith trucking services establishes a petty cash fund on april 3 for $500. by the end of april, the fund has a cash balance of $397. the company has also issued a credit card and authorized its office manager to make purchases. expenditures for the month include the following items: utilities (credit card)$135 entertainment (petty cash)44 postage (petty cash)59 repairs and maintenance (credit card)230



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