EF8-18 (similar to) Question Help Hal's Place Night Club maintains an imprest petty cash fund of $260, which is under the control of Sandra Morgan. At March 31, the fund holds 524 cash and petty ch cash tickets for office supplies, $199, and delivery expense, $35 04/ Read the requirements 041 Requirement 1. Complete the following to explain how an imprest petty cash system works 16. Maintaining the Petty Cash account at its is the nature of an imprest system. The Imprest system requires that the petty 1 p cash box contains This clearly identifies the and it is the system's main internal control feature. will Qu Requirements k/stat k/stat 1. Explain how an imprest petty cash system works 2. Journalize the establishment of the petty cash fund on March 1 and the replenishment of the fund on March 31. 3. Prepare a T-account for Petty Cash, and post to the account. What is the balance of the Petty Cash account at all times? cudy ne Print Dono