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Seve 1 of 5 (2 complete) HW Score: 29.18%, 7.29 of 25 P7-25A (book/static) Question Help On June 1, Fab Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Al Franklin, the fund custodian, sis the following petty cash tickets: !!! (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $90. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory. Read the requirements. Requirement 1. Explain the characteristics and the internal control features of an imprest fund. An imprest fund has balance at all times, which equals the sum of payments from the fund. The internal control feature of an imprest fund is that it responsible W plus the that support the amount of money for which the fund custo Click to select your answer(s) and then click Check Answer Clear All 5 parts remaining acer lin, the Data Table cast Petty Cash Ticket Number Item Amount 101 102 Office supplies Cab fare for executive Delivery of package across town Business dinner 103 honey 104 105 Merchandise inventory Print Done Clear All P7-25A (book/static) Question Help On June 1, Fab Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Al Franklin, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $90. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory Read the requirements. Requirement 1. Explain the characteristics and the internal control features of an imprest fund. An imprest fund has balance at all times, which equals the sum of plus the its from the fund. The internal control feature of an imprest fund is that it a credit for which the fund custodian is responsible. a different the same Click to select your a click Check Answer. 5 parts 3 remaining Clear All Check And P7-25A (book/static) Question Help On June 1, Fab Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Al Franklin, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $90. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory Read the requirements. Requirement 1. Explain the characteristics and the internal control features of an imprest fund. plus the An imprest fund has balance at all times, which equals the sum of that support payments from the fund. The internal control fe the amount of money for which the fund custodian is respons accounts receivable cash in the bank Click to select your answer(s) and then click Check Answer cash in the fund 5 parts deposits in transit remaining Clear All g Question Help P7-25A (book/static) On June 1, Fab Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Al Franklin, the fund custodian, signs the following petty cash tickets: : (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $90. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory Read the requirements. Requirement 1. Explain the characteristics and the internal control features of an imprest fund. An imprest fund has balance at all times, which equals the sum of plus the that support payments from the fund. The internal control feature of an imprest fund is that it unt of money for which the fund custodian is responsible check stubs credit memos (s) and then click Check Answer. total of the tickets Parts 99 3 remaining Clear All P7-25A (book/static) Question Help On June 1, Fab Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Al Franklin, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $90. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory clearly debits decreases increases he characteristics and the internal control features of an imprest fund. balance at all times, which equals the sum of plus the upport payments from the fund. The internal control feature of an imprest fund is that it the amount of money for which the fund custodian is responsible

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