Prepare journal entries for a petty cash fund. E7.8 (LO 2), AP Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. Date Receipt For No. 3/5 1 Stamps 7 2 Freight-Out 9 3 Miscellaneous Expense 11 4 Travel Expense 14 5 Miscellaneous Expense The fund was replenished on March 15 when the fund contained $2 in cash. On March 20, the fund was increased to $175. Instructions Journalize the entries in March that pertain to the operation of the petty cash fund. 4 For Amount Receipt No. 1 $39 2 21 3 6 Stamps Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense 4 24 5 5 Prepare journal entries for a petty cash fund. E7.8 (LO 2), AP Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. Date Receipt For No. 3/5 1 Stamps 7 2 Freight-Out 9 3 Miscellaneous Expense 11 4 Travel Expense 14 5 Miscellaneous Expense The fund was replenished on March 15 when the fund contained $2 in cash. On March 20, the fund was increased to $175. Instructions Journalize the entries in March that pertain to the operation of the petty cash fund. 4 For Amount Receipt No. 1 $39 2 21 3 6 Stamps Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense 4 24 5 5 Prepare bank reconciliation and adjusting entries. E7.9 (LO 3), AN Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here. $3,677.20 450.00 28.00 $4,099.20 Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books Instructions $3,975.20 590.00 770.00 $4,155.20 a. What is the proper adjusted cash balance per bank? b. What is the proper adjusted cash balance per books? c. Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books