Rashida 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.
|
Receipt |
|||
|
Date |
No. |
For |
Amount |
|
3/5 |
1 |
Stamp Inventory |
$39 |
|
7 |
2 |
Freight out |
21 |
|
9 |
3 |
Miscellaneous Expense |
6 |
|
11 |
4 |
Travel Expense |
24 |
|
14 |
5 |
Miscellaneous Expense |
5 |
The fund was replenished on March 15 when the fund contained $3 in cash. On March 20, the amount in the fund was increased to $150.
Instructions
Journalize the entries in March that pertain to the operation of the petty cash fund.