1. The actual cash received from cash sales was $295,455, and the amount indicated by the cash register total was $295,340. Journalize the entry to record the cash receipts and cash sales.

2. The bank reconciliation shows the following adjustments:

Deposits in transit: $1,234

Outstanding checks: $558

Bank service charges: $50

NSF checks: $250

Prepare the correcting journal entry.

3. Using the following information, prepare a bank reconciliation.

Bank balance: $4,021

Book balance: $2,928

Deposits in transit: $1,111

Outstanding checks: $679

Bank charges: $35

Notes receivable: $1,325; interest: $235

4. Prepare the journal entry to reconcile the bank statement prepared in the previous question.

5. Record the following transactions:

a. Started a petty cash fund in the amount of $260.

b. Replenished petty cash fund using the following expenses: Auto $15, Office Expenses $20, Postage Expense $81, Miscellaneous Expenses $104. Cash on hand is $37.

c. Increased petty cash by $80.

6. Record the following transactions:

a. Started a petty cash fund in the amount of $1,000.

b. Replenished petty cash fund using the following expenses: Auto $61, Office Expenses $23, Postage Expense $57, Miscellaneous Expenses $30.

c. The company has decided to reduce the petty cash fund to $600.