Question
NEED ANSWER ASAP PLEASE !! Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $125.
NEED ANSWER ASAP PLEASE !!
Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $125. During March, the following petty cash receipts were found in the petty cash box.
Date | Receipt No. | For | Amount | ||||
3/5 | 1 | Stamp Inventory | $36 | ||||
7 | 2 | Freight-Out | 14 | ||||
9 | 3 | Miscellaneous Expense | 11 | ||||
11 | 4 | Travel Expense | 46 | ||||
14 | 5 | Miscellaneous Expense | 9 |
The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, the amount in the fund was increased to $180. 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.)
Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit accoun Date Account Titles and Explanation Debit Credit Mar. 15
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