Crane Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $110. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamp Inventory $31 7 2 Freight-Out 12 9 3 Miscellaneous Expense 13 11 4 Travel Expense 36 14 5 Miscellaneous Expense 8 The fund was replenished on March 15 when the fund contained $7 in cash. On March 20, the amount in the fund was increased to $195. Journalize the entries in March that pertain to the operation of the petty cash fund

What is private equity investing? who participates in it and why? how is palamon positioned in the industry? how does private equity investing compare with public market investing? what are the similarities and differences between the two? why is palamon interested in teamsystem? does it fit with palamon’s investment strategy? how much is 51% of teamsystem’s common equity worth? use both a discounted cash flow and a multiple-based valuation to justify your recommendation. what complexities do cross-border deals introduce? what are the specific risks of this deal? what should louis elson recommend to his partners? is it a go or not? if it is a go, what nonprice terms are important? if it’s not a go, what counterproposal would you make?