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Question 2 (10 points): 1) On October 1, 2012 City Center Co uses an imprest petty cash system. The fund was established on October 1
Question 2 (10 points): 1) On October 1, 2012 City Center Co uses an imprest petty cash system. The fund was established on October 1 with a balance of $320. During October the following petty cash receipts were found in the petty cash box. 2nd October Taxis $45 3rd October $17 Stamps Office supplies 7th October $19 12th October Fees $22 14th October other expense $11 2) On 15th October there was only $91 left, so the company replenished the Petty Cash. 3) On 17th October, the company increased the Petty Cash to $340. Instructions: Prepare the journal entries related to the Petty Cash
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