Table 8-1
the Petty Cash Fund Had the Following Petty

question 151

Essay

Table 8-1
The petty cash fund had the following petty cash ticket: $$\begin{array} { l r } \text { Toner for a printer } & \$ 42 \\\text { Freight to deliver goods sold } & 39 \\\text { Freight on inventory purchased. } & 112 \\\text { Miscellaneous expense } & 10 \\\text { Postage expense } & \underline { 25 } \\& \underline{\$ 228} \\\end{array}$$
-Refer to Table 8-1. Assume that the business has established a petty cash fund in the amount of $250 and that the amount of cash in the fund at the time of replenishment is $24. The business uses a perpetual inventory system.
Prepare the entry to replenish the fund on February 28.

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Definitions:

Idle Time

Periods when resources, such as machinery or employees, are available but not in use due to a lack of work or inefficient scheduling.

Kanbans

Signaling systems used in just-in-time (JIT) production processes to regulate the flow of materials between different stages of production.

Andons

Visual feedback systems used in manufacturing to alert about any status changes in production, such as issues or slowdowns.

Visual Workplace

A work environment where information about processes and standards is communicated through visual means to improve understanding and efficiency.