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Vaughn Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $120. During March following petty cash
Vaughn Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $120. During March following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamps $32 7 2 Freight-Out 19 Miscellaneous 3 Expense 13 11 4 Travel Expense 38 14 5 Miscellaneous Expense The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, the amount in the fund was increased to $190
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