Question
Proli Footwear Imprest Petty Cash Fund Reconciliation diciembre 31, 2014 Counted on December 30, 2014 in the presence of Brian Baddude, petty cash custodian Bills
| Proli Footwear | ||||
| Imprest Petty Cash Fund Reconciliation | ||||
| diciembre 31, 2014 | ||||
| Counted on December 30, 2014 in the presence of Brian Baddude, petty cash custodian | ||||
| Bills | 535.00 | |||
| Coins | 8.31 | |||
| Stamps | 6.44 | |||
| Total currency and stamps | 549.75 | f | ||
| Vouchers: | ||||
| Emergency travel advance - V Vamp | b) | 1,200.00 | L | |
| Emergency travel advance - G Buye | b) | 800.00 | L | |
| Postage stamps | a) | 99.00 | ||
| Supplies for office | a) | 26.00 | ||
| COD receipt for supplies | a) | 32.00 | ||
| Cash advance - Brian Baddude | b) | 50.00 | L | |
| Gas receipt - John Jones travel | c) | 42.00 | ||
| V Vamp - Lunch with visitors | c) | 157.00 | L | |
| Total vouchers | 2,406.00 | f | ||
| Petty cash fund total | 2,955.75 | f | ||
| Returned to me intact: Brian Baddude | ||||
| Counted by: RP 12/30/14 | ||||
| Shortage/(overage) | d) | 44.25 | ||
| Balance per trial balance | 3,000.00 | f | ||
| Audit adjustments: | ||||
| Balance per audit | f | |||
| f = footed | ||||
| L = Lacks approval signature; Company policy requires approval of person other than person receiving the advance. V Vamp, Vice President Information-Technology, a newcomer to the company G Buye, Vice President-Purchasing Brian Baddude, Controller | ||||
| How the nature of an imprest fund might affect the operation of the payroll bank account and the petty cash fund? Also, determine how reporting on the financial statements could be affected by the use of an imprest fund? Do we need to make adjustments? | ||||
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