Question 2 Pharoah Buttons uses a petty cash imprest system. The fund was established on...
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Question 2 Pharoah Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $210. On September 30, there were $55 cash and the following petty cash receipts in the petty cash box: Date Receipt No. For Amount Sept. 5 1 Freight in (assume perpetual inventory system) $27 9 2 Delivery charges on outgoing freight 13 14 3 Freight in 27 16 4 Supplies 8 20 5 Delivery charges on outgoing freight 21 29 6 Freight in 40.
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