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Sheridan Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $200. On Septemb 30, there were
Sheridan Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $200. On Septemb 30, there were $55 cash and the following petty cash receipts in the petty cash box: Date Sept. 5 9 14 16 20 29 Receipt No. 1 2 3 4 5 6 For Freight in (assume perpetual inventory system) Delivery expenses Freight in Supplies Delivery expenses Freight in Amount $27 13 28 8 20 39 Find merchandise inventary
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