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Exercise 8-8 Lincolnville Company

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E8-8 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.

Receipt 
Date No. For Amount 
5-Mar1Stamp Inventory $39
72Freight-out 21
93Miscellaneous Expense 6
114Travel Expense 24
145Miscellaneous 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.

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