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the open white boxes that says 206 and 10 is incorrect and I need help with this. Thanks in advanced. TOOTE ANO TORO Score: 3.91

the open white boxes that says "206" and "10" is incorrect and I need help with this. Thanks in advanced. image text in transcribed
image text in transcribed
image text in transcribed
TOOTE ANO TORO Score: 3.91 of 10 pts 2 of 6 (6 complete HW Score: 85.68%, 85.68 of 100 pts %E7-18 (similar to) Question Help Just Hangin' Night Club maintains an imprest petty cash fund of $250, which is under the control of Sandra Morgan At March 31, the fund holds $24 cash and petty cash tickets for office supplies, $206, and delivery expense, 530 Read the requirements Requirement 1. Complete the following to explain how an imprest petty cash system works Maintaining the Petty Cash account at its designated balance is the nature of an imprest system. The imprest system requires that at any point in time, the petty cash box contains cash and petty cash tickets that total the amount of the imprest balance. This clearly identifies the amount of cash for which the custodian is responsible, and it is the system's main Internal control feature Requirement 2. Journalire the establiment of the petty cash fund on March 1 and the replenishment of the fund on March 31. (Record debits first, then credits Salect the explanation on the last line of the marty table) Begin by journaling the establishment of the petty cash fund on March 1 Accounts and Explanation Debt Credit Date Choose from any list or enter any number in the input fields and then click Check Answer parts Clear All Check Answer HollieWUIK HW SC 2 of 6 (6 complete) Detty cash fund of $250, which is under the control of Sandra Morgan. At March 31, the fund holds $24 cash a Requirements xpla design moun int in time, responsible 1. Explain how an imprest petty cash system works. 2. Joumalize the establishment of the petty cash fund on March 1 and the replenishment of the fund on March 31. 3. Prepare a T-account for Petty Cash, and post to the account. What is the balance of the Petty Cash account at all times? s first, then cre ment of of the pe Explana Print Done amber in the input fields and then click Check Answer Clear All %) E7-18 (similar to) Just Hangin' Night Club maintains an imprest petty cash fund of $250, which is under the control of Sandra Morga supplies, $208, and delivery expense, $30. Read the requirements. To open the petty cash fund. Now journalize the replenishment of the fund on March 31. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit Mar. 31 Office Supplies 206 Delivery Expense 30 Cash Short and Over Cash 226 To replenish the petty cash fund. Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts Clear All remaining

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