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5. Ernest Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $200. During March the following

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5. Ernest Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $200. During March the following petty cash receipts were found in the petty cash box Receipt No Date 3/5 ount $76 Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense 42 22 14 10 The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, the amount in the fund was increased to $300 Instructions Journalize the entries in March that pertain to the operation of the petty cash fund

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