Question: ecora petty 7.5 (LO 3) AP Bulyea Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of

 ecora petty 7.5 (LO 3) AP Bulyea Boxes uses a petty

ecora petty 7.5 (LO 3) AP Bulyea Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $100. On February 28, there were $5 sh and the following petty cash receipts in the petty cash box: Date Receipt No. For Amount Feb. 15 1 Supplies $10 18 8 N Postage expense 20 3 Freight in (assume perpetual inventory system) 30 21 4 Supplies 13 22 5 Delivery expenses 17 27 6 Supplies 23 structions a. Record the journal entry on February 14 to establish the petty cash fund. b. Record the journal entry on February 28 to replenish the fund. tions

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