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$128, and delivery expense, $15. Read the requirements. Requirement 1. Complete the following to explain how an imprest petty cash system works. Maintaining the Petty

image text in transcribed $128, and delivery expense, $15. Read the requirements. Requirement 1. Complete the following to explain how an imprest petty cash system works. Maintaining the Petty Cash account at its is the nature of an imprest system. The imprest system requires that, . This clearly identifies the control feature. the petty cash box contains , and it is the system's main internal 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

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