Fraud, Internal Control, and Cash

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

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