Hyacinth Company established an imprest petty cash fund for P10,000 by writing a check drawn against its checking account. On June 30, the fund contained the following: Currency and coins Petty cash voucher #1 Petty cash voucher #2 Petty cash voucher #3 5,000 2,500 2,000 600 On June 30, the entity wrote a check to replenish the fund. What is the amount of replenishment under the imprest fund system?
Hyacinth Company established an imprest petty cash fund for P10,000 by writing a check drawn against its checking account. On June 30, the fund contained the following: Currency and coins Petty cash voucher #1 Petty cash voucher #2 Petty cash voucher #3 5,000 2,500 2,000 600 On June 30, the entity wrote a check to replenish the fund. What is the amount of replenishment under the imprest fund system?
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.5E
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