Lincolnville Company uses an imprest petty cash system. The fund - 12066

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E8-8
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Lincolnville 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 $39  
  3/7 2    Freight-out 21  
  3/9 3    Miscellaneous Expense 6  
  3/11 4    Travel Expense 24  
  3/14 5    Miscellaneous Expense 5  

The fund was replenished on March 15 when the fund contained $3 in cash. On March 20, the amount in the fund was increased to $150.

Instructions

Journalize the entries in March that pertain to the operation of the petty cash fund. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

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