Controlling petty cash Just Hangin' Night Club maintains an imprest petty cash hind of $150, which is under the control of Sandra Morgan. On March 31, the fund holds $14 cash and petty cash tickets for office supplies, S128, and delivery expense, $15. Requirements 1. Explain how an imprest petty cash system works. 2. Journalize the establishment of the petty cash fund on March 1 and the replenishing of the fund on March 31. 3. Prepare a T-account for Petty Cash and post it to the account. What is the balance of the Petty Cash account at all times