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For the missing value of Mar 15, inventory, stamp inventory, and inventory expense are all incorrect. Cheyenne Corp. uses an imprest petty cash system. The
For the missing value of Mar 15, inventory, stamp inventory, and inventory expense are all incorrect.
Cheyenne Corp. uses an imprest petty cash system. The fund was established on March 1 with a balance of $105. During March, the following petty cash receipts were found in the petty cash box. The fund was replenished on March 15 when the fund contained $5 in cash. On March 20, the fund was increased to $200. Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)Step by Step Solution
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