Ankara Company uses an imprest petty cash system. The fund was established on March 1 with a

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Ankara 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.

Receipt No. Amount Date For 1 3/5 Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense

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 cash fund.

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Financial Accounting IFRS

ISBN: 978-1118285909

2nd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Jul 19, 2018 06:07 AM

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Ankara Company uses an imprest petty cash system. The fund was established on March 1 with a

Question:

Receipt No. Amount Date For 1 3/5 Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense t39 17 9. 11 3 6. 24 4 14 5

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Mar 1 Petty Cash 100 Cash 100 15 Postage E...View the full answer

Financial Accounting IFRS

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