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.
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.
Instructions
Prepare the entries in March that pertain to the operation of the petty cash fund.
Solution
Horvath Company
Journal Entries
Journal Entries
