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Prepare journal entries for a petty cash fund. (LO 2) E8-8B Dole Company uses an imprest petty cash system. The fund was established on March
Prepare journal entries for a petty cash fund. (LO 2) E8-8B Dole Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $150. During March the following petty cash receipts were found in the petty cash box. For 3/5 Receipt Date No. Amount Stamp Inventory $35 Freight-out 19 Miscellaneous Expense 11 Travel Expense 20 Miscellaneous Expense 11 The fund was replenished on March 15 when the fund contained $58 in cash. On March 20, the amount in the fund was decreased to $100. 9 10 Exercises: Set B 3 Instructions Journalize the entries in March that pertain to the operation of the petty cash fund
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