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Blossom Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $200. On September 30, there were
Blossom Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $200. On September 30, there were $52 cash and the following petty cash receipts in the petty cash box: Date Receipt No. Amount Sept. 5 1 $22 For Freight In (assume perpetual inventory system) Delivery charges on outgoing freight Freight in 9 2 11 14 3 26 16 4 Supplies 10 20 5 21 Delivery charges on outgoing freight Freight in 29 6 41 Record the journal entry on September 4 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Debit Account Titles and Explanation Credit Date Sept. 4
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