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Blossom Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $98. On February 28, there were
Blossom Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $98. 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 $8 18 2 Postage expense 9 20 3 Freight in (assume perpetual inventory system) 34 21 4 Supplies 12 22 5 Delivery expenses 15 27 6 Supplies 22
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