Hyacinth Company established an imprest petty cash fund for P10,000 by writing a check drawn against its checking account. On June 30, the fund contained the following: Currency and coins Petty cash voucher #1 Petty cash voucher #2 Petty cash voucher #3 5,000 2,500 2,000 600 On June 30, the entity wrote a check to replenish the fund. What is the amount of replenishment under the imprest fund system?

Hyacinth Company established an imprest petty cash fund for P10,000 by writing a check drawn against its checking account. On June 30, the fund contained the following: Currency and coins Petty cash voucher #1 Petty cash voucher #2 Petty cash voucher #3 5,000 2,500 2,000 600 On June 30, the entity wrote a check to replenish the fund. What is the amount of replenishment under the imprest fund system?

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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