PONTE VERSION BACK NEXT 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. Receipt No. Amount Date Feb. 15 Supplies Miscellaneous expense Freight in (assume perpetual inventory system) Supplies Delivery charges on outgoing freight Supplies Your answer is correct. Record the journal entry on February 14 to establish the petty cash fund. (Credit account titles are automatically indented when the 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.) Date Account The Explanation Feb. 14 Petty Cash SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Record the journal entry on February 28 to replenish the fund and increase the balance to $300. (Credit account titles are automatically indented when the 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.) Date Account Titles and Explanation Feb. 25 Supplies Miscellaneous Expense Merchandise