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1) Zardoz Inc. established a $200 petty cash fund on March 1. 2) On March 31, the petty cash box contained the following: Office Supply
1) Zardoz Inc. established a $200 petty cash fund on March 1. 2) On March 31, the petty cash box contained the following: Office Supply receipts $ 51.60 Freight receipts (Mdse.Inv)..... 49.50 Store Supply receipts Remaining cash............... The petty cash was replenished on March 31. 84.40 10.50 3) On April 1 the size of the petty cash fund was reduced by $25. Record the journal entries for March 1, March 31, and April 1; assuming Zardoz makes use of a voucher system. (5 journal entries are required.)
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