Question: Please help me with this and Explain it. Thank you! On June 1, Meadow Salad Dressings creates a petty cash fund with an imprest balance

Please help me with this and Explain it. Thank you! Please help me with this and Explain it. Thank you! On June
1, Meadow Salad Dressings creates a petty cash fund with an imprest
balance of $300. During June, Sunny Lewis, the fund custodian, signs the

On June 1, Meadow Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Sunny Lewis, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $50. The accounts affected by cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandi: Inventory. Read the requirements. Requirement 1. Explain the characteristics and the internal control features of an imprest fund. An imprest fund has balance at all times, which equals the sum of plus the that support payments from the fund. The internal control feature of an imprest fund is that it the amount of money for which the fund custodian is responsible. Requirement 2 . On June 30 , how much cash should the petty cash fund hold before it is replenished? Before it is replenished, the petty cash fund should hold cash of On June 1, Meadow Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Sunny Lewis, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $50. The accounts affected by cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandi: Inventory. Read the requirements. Requirement 1. Explain the characteristics and the internal control features of an imprest fund. An imprest fund has balance at all times, which equals the sum of plus the that support payments from the fund. The internal control feature of an imprest fund is that it the amount of money for which the fund custodian is responsible. Requirement 2. On June 30 , how much cash should the petty cash fund hold before it is replenished? Before it is replenished, the petty cash fund should hold cash of On June 1, Meadow Salad Dressings creates a petty cash fund with an imprest balance of $300. Sunny Lewis, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30 , prior to replenishment, the fund contains these tickets plus cash of $50. The accounts cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Inventory. Read the requirements. Data table imprest fund. ash in the fund ture of an imprest fu ble. fore it is replenished

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