Question: JS Satin ALLUUNI FLIPIUS, 120 FRINTER VERTON BACK NEXT Exercise 189 Ernest Company uses an imprest petty cash system. The fund was established on March

 JS Satin ALLUUNI FLIPIUS, 120 FRINTER VERTON BACK NEXT Exercise 189

JS Satin ALLUUNI FLIPIUS, 120 FRINTER VERTON BACK NEXT Exercise 189 Ernest Company uses an imprest petty cash system. The fund was established on March with a balance of $200. During March the following petty cash receipts were found in the petty cash box Date Recept No. For Amount 3/5 Stamp Inventory $74 7 2 Freight-Out 42 19 3 Miscelaneous Expense 22 11 4 Travel Expense 49 The fund was replenished on March 15 when the fund contained in cash on March 20, the amount in the fund was increased to $300. 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. Record fournal entries in the order presented in the problem.) Date Account Tities and Explanation Debit Credit Mar 15 Tv

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!