Imprest System Reimbursement Calculation Steps:

• Begin with original imprest: $100.
• Deduct total expenses paid out: $100 -$83 = $17.
• Add total receipts recorded in petty cash: $17 +$7 = $24 (current cash balance).
• Restore to full imprest: $100 -$24 = $76.

Why B is correct:

• Under the imprest system, reimbursement equals net expenditure (expenses minus receipts: $83 -$7 = $76) to restore the fixed float to$100.

Why the others are wrong:

• A. $24 is the current cash balance after expenses and receipts, not the restoration amount.
• C. $83 ignores receipts, overstating the net amount needed.
• D. $100 reimburses the full imprest, unnecessary when cash remains.

Final answer: B