Kickapoo Company uses an imprest petty cash system. The fund was established — Prepare journal entries for a on March 1 with a balance of $100. During March, the following petty cash receipts were petty cash fund.

found in the petty cash box. (LO 5)

Receipt Date No. For Amount 3/5 1 Stamp Inventory $39 ih 2 Freight-Out 17 9 3 Miscellaneous Expense 6 11 4 Travel Expense 24 14 5 Miscellaneous Expense uF 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.