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AE8-8 Rashida Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $131. During March the following
AE8-8 Rashida Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $131. During March the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamp inventory $43 3/7 2 Freight-out 25 3/9 3 Miscellaneous Expense 7 3/11 4 Travel Expense 35 3/14 5 Miscellaneous Expense 8 The fund was replenished on March 15 when the fund contained $7 in cash. On March 20, the amount in the fund was increased to $194. Instructions Journalize the entries in March that pertain to the operation of the petty cash fund. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.) Date Description Debit Credit Mar. 1 Mar. 15 Mar. 20 Click here if you would like to Show Work for this
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