Business, 06.05.2020 01:39 amourjenny
Ernest Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $200. During March the following petty cash receipts were found in the petty cash box. Receipt Date No. For Amount 3/5 1 Stamp Inventory $74 7 2 Freight-Out 42 9 3 Miscellaneous Expense 22 11 4 Travel Expense 49 The fund was replenished on March 15 when the fund contained $9 in cash. On March 20, the amount in the fund was increased to $300. Instructions Journalize the entries in March that pertain to the operation of the petty cash fund.
Answers: 1
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Ernest Company uses an imprest petty cash system. The fund was established on March 1 with a balance...
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