A business operates an imprest system for petty cash. The imprest amount is $400. At the end of the month, $30 has been received for private phone calls and there are vouchers for expenditure of $205. There is an IOU for $25. What is the physical amount of cash left in petty cash prior to reimbursement? A $400 B $200 C $225 D $170

A business operates an imprest system for petty cash. The imprest amount is $400. At the end of the month, $30 has been received for private phone calls and there are vouchers for expenditure of $205. There is an IOU for $25. What is the physical amount of cash left in petty cash prior to reimbursement? A $400 B $200 C $225 D $170

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 6SEB

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