Answer: 405 dollars
Explanation:
Total vouchers for payments = $235 Total vouchers for receipts of cash = $35 Total IOUs = $75
Therefore, the total amount of vouchers and IOUs is calculated as follows:
Total amount = Total vouchers for payments + Total vouchers for receipts of cash + Total IOUs = $235 + $35 + $75 = $345
To maintain an imprest of $750, we subtract the total amount from the imprest:
Amount needed in petty cash box = Imprest - Total amount = $750 - $345 = $405
Therefore, the petty cash box should contain $405.