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 wer found in the petty cash box. Date 3/5 7 9 Receipt No. For Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense The fund was replenished on March 15 when the fund contained $2 in cash. On March 2 the amount in the fund was increased to $175. 11 14 123 2 3 4 5 Amount $39 21 6 24 5 Instructions Journalize the entries in March that pertain to the operation of the petty cash fund.
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 wer found in the petty cash box. Date 3/5 7 9 Receipt No. For Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense The fund was replenished on March 15 when the fund contained $2 in cash. On March 2 the amount in the fund was increased to $175. 11 14 123 2 3 4 5 Amount $39 21 6 24 5 Instructions Journalize the entries in March that pertain to the operation of the petty cash fund.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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
3/5
7
9
For
Stamp Inventory
Freight-Out
Miscellaneous Expense
Travel Expense
Miscellaneous Expenselben
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.
Receipt
No.
11
14
1
2
3
4
5
Amount
$39
21
6
24
5
Instructions
Journalize the entries in March that pertain to the operation of the petty cash fund.
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