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Just Hangin' Night Club maintains an imprest petty cash fund of $250, which is under the control of Sandra Morgan At Ma expense, $45. Read

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Just Hangin' Night Club maintains an imprest petty cash fund of $250, which is under the control of Sandra Morgan At Ma expense, $45. Read the requirements. To open the petty cash fund, Now journalize the replenishment of the fund on March 31. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit Mar. 31 Office Supplies Delivery Expense Cash Short and Over Cash To replenish the petty cash fund. Choose from any list or enter any number in the input fields and then click Check Answer Clear All 2 parts remaining i 1 Requirements 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? Print Done ds and then click Check Answer Clear All C Just Hangirl Night Club maintains an imprest petty cash fund of $250, which is under the control of Sandra Morgan Al March 31. the fund holds $24 cash and petty cash tickets for office supplies 5188, and del peso $45. Read the CE

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