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Blossom Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $101. On February 28, there were
Blossom Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $101. On February 28, there were $5 cash and the following petty cash receipts in the petty cash box:
Date | Receipt No. | For | Amount | ||||
---|---|---|---|---|---|---|---|
Feb. 15 | 1 | Supplies | $10 | ||||
18 | 2 | Postage expense | 7 | ||||
20 | 3 | Freight in (assume perpetual inventory system) | 30 | ||||
21 | 4 | Supplies | 14 | ||||
22 | 5 | Delivery charges on outgoing freight | 18 | ||||
27 | 6 | Supplies | 24 |
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