Whispering Winds Corp. uses an imprest petty cash system. The fund was established on March 1...
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Whispering Winds Corp. uses an imprest petty cash system. The fund was established on March 1 with a balance of $120. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamps $32 7 2 Freight-Out 19 9 3 Miscellaneous Expense 13 11 4 Travel Expense 38 14 5 Miscellaneous Expense The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, the fund was increased to $190. Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Whispering Winds Corp. uses an imprest petty cash system. The fund was established on March 1 with a balance of $120. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamps $32 7 2 Freight-Out 19 9 3 Miscellaneous Expense 13 11 4 Travel Expense 38 14 5 Miscellaneous Expense The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, the fund was increased to $190. Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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