Question: Kickapoo Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty
Kickapoo 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.
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The fund was replenished on March 15 when the fund contained $4 in cash. On March 20, the amount in the fund was increased to $150.
Instructions
Journalize the entries in March that pertain to the operation of the petty cashfund.
Receipt No. Date For Amount S39 17 3/5 9 14 Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense 4 24 7
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Mar 1 Petty Cash 100 Cash 100 15 Post... View full answer
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