1 x 1 A Requirements 1. Explain how an imprest petty cash system works. 2. Journalize the establishment of the petty cash fund on March 1 and the replenishment of the fund on March 31. 3. Prepare a T-account for Petty Cash, and post to the account. What is the balance of the Petty Cash account at all times? is the Print Done Just Hang Night Club maintains an imprest petty cash fund of $200, which is under the control of Sandra Morgan Al March Read the grements the fund holds $19 cash and petty cash force supplies, 1144 and delivery expense 445 Requirement 1. Complete the following to pan how an imprest petty to work Maintaining the Petty cash account att is the nature of an ort system. The more yo This dearydentifies the u r hat M the petty cash box contains and it is the system's man internal contrare Requirement 2. Journalce the establishment of the petty cash and on March 1 and the replenishment of the fund on March 31 (ecord Begin by journaling the establishment of the petty cash fund on March 1 is the credits Sered the explanation on the o ne of the Date Accounts and Explanation Credit Now jource the replenishment of the fund on March 31 Prepare a single compound journal entry) Accounts and Explanation Requirement 3. Prepare a T-account for Petty Cash, and post to the account. What is the balance of the Petty Cash account at all times? Post the applicable entry to the Petty Cash T-account below. Use a "Bal" reference to show the ending balance of the account Petty Cash What is the balance of the Petty Cash account at all times? The Petty Cash balance at all times is $