P7-25A (book/static) Hw On June 30, Wescuad w or h en the con these cash The co d ed by Raumathed and the cont e nt 5 * O p here to A (book/static) e 1. Fab Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Al Franklin, the fund aus Click the icon to view the petty cash tickets) une 30, prior to replenishment, the fund contains these tickets plus cash of $90. The accounts affected by petty cash payments are Office Supply Chandise Inventory ad the requirements that support payme plus the equirement 1. Explain the characteristics and the internal control features of an imprest fund nieprestand has balance at all times, which equals the sum of that the amount of money for which the fund custodian is I accounts receiva cash in the bank cash in the fund deposits in trans Click to select your answers) and then click Check Answer CAL 5 ning 1 O Type here to search X c v B N M On June 1, Fab Salad Dressings creates a petty cash fund with art imprest Uld UI Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $90. The a Merchandise Inventory Read the requirements Requirement 1. Explain the characteristics and the internal control features of an imprest fur An imprest fund has that it v balange at all times, which equals the sum of money for which the fund custodian is responsible. a credit a different the same Click to select your answer(s) and then click Check Answer 5 parts O Type here to search e W UN JUICI, (Click the icon to view the petty call On June 30, prior to replenishment, the fund contains these tickets plus casil Ol Merchandise Inventory Read the requirements Requirement 1. Explain the characteristics and the internal control features of an An imprest fund has balance at all times, which equals the sum of that it the amount of money for which the fund custodian is resp clearly debits clearly identifies decreases increases Click to select your answer(s) and then click Check Answer. 5 partisining 5 parts 5 remaining O Type here to search SL UT cash of $90. The accounts affected by petty cash payments are Office Supplies, Travel Expense, De features of an imprest fund. that support payments from the fund. The in plus the als the sum of d custodian is responsible check stubs credit memos total of the tickets Answer mort se an imprest balance of $300. During June, Al Franklin, the fund custodian, signs the volum , kets plus cash of $90. The accounts affected by petty cash payments are Office Supplies, Travel Expense al control feat Data Table ich equals the the fund custod ents from the fund. The Petty Cash Ticket Number Item Amount 101 102 103 104 105 Once supplies Cab fare for executive Delivery of package across town Business dinner Merchandise inventory Check Answer Print Done nese tickets plus cash of $90. The accounts affected by petty cash payments are m o r e internal con 0 Requirements m the nies, which ea which the fun 1. Explain the characteristics and the internal control features of an imprest fund. 2. On June 30, how much cash should the petty cash fund hold before it is replenished? 3. Journalize all required entries to create the fund and replenish it Include explanations 4. Make the July 1 entry to increase the fund balance to $375 Include an explanation and briefly describe what the custodian does Sick Check Answer Print | Done Be W
