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CALCULATOR PRINTER VER Sheffield Company uses an imprest petty cash system. The fund was established on...

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CALCULATOR PRINTER VER Sheffield Company uses an imprest petty cash system. The fund was established on March 1 with a balanc

CALCULATOR PRINTER VER Sheffield Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $115. During March, the following petty cash receipts were found in the petty cash box For Date Receipt No. 3751 Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense 111 T 14 5 The fund was replenished on March 15 when the fund contained $5 in cash. On March 20, the amount in the fund was increased to $200. Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the problem.) Date Account Titles and Explanation Debit Credit

Answers

Date Account titles and explanation Debit Credit
March 1 Petty Cash $115
Cash $115
March 15 Postage Expense $30
Freight-Out $14
Miscellaneous Expense $22
Travel Expense $41
Cash Over and Short $3
Cash $110
March 20 Petty Cash $85
Cash $85
.

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