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Crane Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty

Crane Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box.

Date

Receipt No.

For

Amount

3/5 1 Stamp Inventory $30
7 2 Freight-Out 12
9 3 Miscellaneous Expense 10
11 4 Travel Expense 35
14 5 Miscellaneous Expense 7

The fund was replenished on March 15 when the fund contained $4 in cash. On March 20, the amount in the fund was increased to $180.

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