Winnipeg Equipment established a petty cash fund of $500 on January 1. On June 1, Winnipeg Equipment wants to decrease the size of the fund to $400. Prepare the journal entry to record the change to the fund.

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The Answer of Winnipeg Equipment established a petty cash fund of $500 on January 1. On June 1, Winnipeg Equipment wants to decrease the size of the fund to $400. Prepare the journal entry to record the change to the fund.

Winnipeg Equipment Established a Petty Cash Fund of $500 on January