Hi, Please help me with the following question. Thank you E8.8 (LO 2), AP Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, thefollowing petty cash receipts were found in the petty cash box.Date Receipt No.ForAmount3/51Stamps$397Freight-Out2193Miscellaneous Expense6114Travel Expense24145Miscellaneous Expense5The fund was replenished on March 15 when the fund contained $2 in cash. On March 20, the amount in the fund was increased to $175.InstructionsJournalize the entries in March that pertain to the operation of the petty cash fund.

Journal is the book of original entry in which all the transactions of the business are recorded…

E8.8 (LO 2), AP Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 Stamps $39 1 Freight-Out Miscellaneous Expense Travel Expense 7 21 9. 6 11 4 24 14 Miscellaneous Expense The fund was replenished on March 15 when the fund contained $2 in cash. On March 20, the amount in the fund was increased to $175.

E8.8 (LO 2), AP Horvath Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 Stamps $39 1 Freight-Out Miscellaneous Expense Travel Expense 7 21 9. 6 11 4 24 14 Miscellaneous Expense The fund was replenished on March 15 when the fund contained $2 in cash. On March 20, the amount in the fund was increased to $175.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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