Exercise #2

Kathleen 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	$39
7	2	Freight-Out	17
9	3	Miscellaneous Expense	6
11	4	Travel Expense	24
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 $150.

Instructions

Journalize the entries in March that pertain to the operation of the petty cash fund.