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Exercise 7-5 Oriole Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $170. On February 28,
Exercise 7-5 Oriole Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $170. On February 28, there were $6 cash and the following petty cash receipts in the petty cash box. Date Receipt No. For Amount Feb. 15 1 Supplies $17 18 2 Miscellaneous expense 11 20 3 Freight in (assume perpetual inventory system) 51 21 4 Supplies 23 22 5 Delivery charges on outgoing freight 28 27 6 Supplies 40
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