Lincolnville Company uses an imprest petty cash system. The fund was established on March 1 with a
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Lincolnville Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March the following petty cash receipts were found in the petty cash box.
The fund was replenished on March 15 when the fund contained $3 in cash. On March 20, the amount in the fund was increased to $150.InstructionsJournalize the entries in March that pertain to the operation of the petty cashfund.
Transcribed Image Text:
Receipt For Date 3/5 No. Amount $39 21 6. 24 Stamp Inventory Freight-out Miscellaneous Expense Travel Expense 9. 11 14 Miscellaneous Expense
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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