Transactions for petty cash, cash short and over OBJ. 3, 6 Cedar Springs Company completed the following

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Transactions for petty cash, cash short and over OBJ. 3, 6 Cedar Springs Company completed the following selected transactions during June 2016:

June 1. Established a petty cash fund of $1,000.

12. The cash sales for the day, according to the cash register records, totaled $9,440.

The actual cash received from cash sales was $9,506.

30. Petty cash on hand was $46. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:

June 2. Store supplies, $375.

10. Express charges on merchandise purchased, $105 (Merchandise Inventory).

14. Office supplies, $85.

15. Office supplies, $90.

18. Postage stamps, $33 (Office Supplies).

20. Repair to fax, $100 (Miscellaneous Administrative Expense).

21. Repair to office door lock, $25 (Miscellaneous Administrative Expense).

22. Postage due on special delivery letter, $9 (Miscellaneous Administrative Expense).

28. Express charges on merchandise purchased, $110 (Merchandise Inventory).

30. The cash sales for the day, according to the cash register records, totaled

$13,390. The actual cash received from cash sales was $13,350.

30. Increased the petty cash fund by $200.

Instructions Journalize the transactions.

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Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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