1. Record the petty cash transactions in a petty cash payments record. 2. Make all required general journal entries for the cash transactions. (Note: The
1.Record the petty cash transactions in a petty cash payments record.
2.Make all required general journal entries for the cash transactions. (Note: The petty cash fund was established and replenished twice during July.)
3.The bank statement below was received in the mail. Deposits were made on July 6 for $3,500 and on July 29 for $2,350. The checkbook balance on July 31 is $4,331.55. Notice the discrepancy in Check No. 302 that cleared the bank for $655. This check was written on July 5 for rent expense, but was incorrectly entered on the check stub and in the journal as $650. Prepare the bank reconciliation and make any necessary journal entries as of July 31.
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264 PART 2 Accounting for Cash and Payroll MASTERY PROBLEM THOHa at-tq ........................................................... . . ............. .. . / Adjusted bank balance: $4,324.05 Turner Excavation maintains a checking account and has decided to open a petty cash fund. The following petty cash fund transactions occurred during July: P 7-98 (102) dasD lamoA July 2 Established a petty cash fund by issuing Check No. 301 for $100. -20.2012 Paid $25 from the petty cash fund for postage. Voucher No. 1. CLOL 02.102 Paid $30 from the petty cash fund for delivery of flowers (Miscellaneous 00.281 Expense). Voucher No. 2. 8 00.20A Paid $20 from the petty cash fund to repair a tire on the company truck. Voucher No. 3. 12 Paid $22 from the petty cash fund for a newspaper advertisement. tovo ban noria dlanie bas esel online Voucher No. 4. 13 Issued Check No. 303 to replenish the petty cash fund. (Total and rule .(are .on muralon the petty cash payments record. Record the balance and the amount Forget il 290( anBozos 19vo bne rio needed to replenish the fund in the Description column of the petty cash payments record.) 20 Paid $26 from the petty cash fund to reimburse an employee for expenses incurred to repair the company truck. Voucher No. 5. 24 Paid $12.50 from the petty cash fund for phone calls made from a phone booth. Voucher No. 6. gniwaiver nl .liam orbs ni esvines and 28 Paid $25 from the petty cash fund as a contribution to the YMCA. used zad al .salem son bib uoy 38to Voucher No. 7. orit to anad ars moini or noisgildo In 31 Issued Check No. 308 to replenish the petty cash fund. (Total and rule the petty cash payments record. Record the balance and the amount needed to replenish the fund in the Description column of the petty cash payments record.) The following additional transactions occurred during July: July 5 Issued Check No. 302 to pay office rent, $650. no show 12 09viize ad for 15 Issued Check No. 304 for office equipment, $525. (imso mo weweib hand aid joy of 17 Issued Check No. 305 for the purchase of supplies, $133. is lis zot muos sieno oengine s 18 Issued Check No. 306 to pay attorney fees, $1,000. bonend oris yd weoy s aomit ew isweb s'nod .eronibus lerner 30 Issued Check No. 307 to pay newspaper for an advertisement, ouut (sbewudT no sonsled ni as $200.20. 100 aid to mo 0012 door yoREQUIRED is1 nousilionodsrell basso 5:00 noisenelqxe nettotaled be qupesiq yud or deso och sub dano zid ni dad 0012 1. Record the petty cash transactions in a petty cash payments record nov9 bad ad arnit jazi orl asw air 2. Make all required general journal entries for the cash transactions. (Note: The pings zi ob javan blno petty cash fund was established and replenished twice during July.) d'imosM bas ansa drod mot 3. The bank statement on page 265 was received in the mail. Deposits were made on July 6 for $3,500 and on July 29 for $2,350. The checkbook balance on July
