Sheffield Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $105. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1. Stamp Inventory $34 7 Freight-Out 17 9 3 Miscellaneous Expense 13 11 4 Travel Expense 26 14 5 Miscellaneous Expense 9 The fund was replenished on March 15 when the fund contained $4 in cash. On March 20, the amount in the fund was increased to $190. Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journa Date Account Titles and Explanation Debit Credit Mar. 1 vPetty Cash 105 Cash 105 Mar. 15 vPostage Expense 34 Freight-Out 17 Miscellaneous Expense Trav Expense Cash Over and Short Cash Mar. 20 v Petty Cash Cash

Sheffield Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $105. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1. Stamp Inventory $34 7 Freight-Out 17 9 3 Miscellaneous Expense 13 11 4 Travel Expense 26 14 5 Miscellaneous Expense 9 The fund was replenished on March 15 when the fund contained $4 in cash. On March 20, the amount in the fund was increased to $190. Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journa Date Account Titles and Explanation Debit Credit Mar. 1 vPetty Cash 105 Cash 105 Mar. 15 vPostage Expense 34 Freight-Out 17 Miscellaneous Expense Trav Expense Cash Over and Short Cash Mar. 20 v Petty Cash Cash

Name: Please fill out the missing boxes correctly Sheffield Company uses an
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Please fill out the missing boxes correctly Sheffield Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $105. During March, the following petty cash receipts were found in the petty cash box.DateReceipt

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks