Question: Ivanhoe Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $97. On February 28, there were
Ivanhoe Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $97. On February 28, there were $6 cash and the following petty cash receipts in the petty cash box: Date Feb. 15 18 20 21 22 27 Receipt No. 1 2 3 4 5 6 For Supplies Postage expense Freight in (assume perpetual inventory system) Supplies Delivery expenses Supplies Amount $9 8 27 14 14 25
Ivanhoe Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $97, On February 28 , there were $6 cash and the following petty cash receipts in the petty cash boxc
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