Crane Company uses an imprest petty cash system. The fund was established on March 1...
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Accounting
Crane 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.
| Date | Receipt No. | For | Amount | ||||
| 3/5 | 1 | Stamp Inventory | $30 | ||||
| 7 | 2 | Freight-Out | 12 | ||||
| 9 | 3 | Miscellaneous Expense | 10 | ||||
| 11 | 4 | Travel Expense | 35 | ||||
| 14 | 5 | Miscellaneous Expense | 7 | ||||
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 $180.
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