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Tamarisk, Inc. uses an imprest petty cash system. The fund was established on March 1 with a balance of $115. Du the following petty cash receipts were found in the petty cash box. Date Receipt No. For 3/5 1 Stamps 7 2 Freight-Out Miscellaneous Amount $38 12

Tamarisk, Inc. uses an imprest petty cash system. The fund was established on March 1 with a balance of $115. Du the following petty cash receipts were found in the petty cash box. Date Receipt No. For 3/5 1 Stamps 7 2 Freight-Out Miscellaneous Amount $38 12

FINANCIAL ACCOUNTING
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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Tamarisk, Inc. uses an imprest petty cash system. The fund was established on March 1 with a balance of $115. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamps $38 7 2 Freight-Out 12 Miscellaneous 9 3 Expense 10 10 11 4 Travel Expense 38 14 5 Miscellaneous Expense 9 The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, 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 journal entries in the order presented in the problem.)
Transcribed Image Text:Tamarisk, Inc. uses an imprest petty cash system. The fund was established on March 1 with a balance of $115. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamps $38 7 2 Freight-Out 12 Miscellaneous 9 3 Expense 10 10 11 4 Travel Expense 38 14 5 Miscellaneous Expense 9 The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, 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 journal entries in the order presented in the problem.)
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