P8-30A1. Imprest fund is a way to internally control the balance of a petty cash fund for a responsible member of a company. It has a final cash amount with receipts of expenses that are used throughout the month. It is replenished at the end of the month with the same, more, or less value.2. On April 30th the petty cash fund had an $87.00 balance. This is the beginning fund of $400.00- the expenses of $313.00.3A. April 01. Petty Cash $400.00 Cash 400.00To open the petty cash fund3B. 30. Supply Expense 86.00 Travel Expense 25.00
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