ASSETS Prepare journal entries for each of the following (refer to the Chart of Accounts for exact wording of account titles): REVENUE 410 Sales 110 Cash 610 Interest Revenue Instructions A. On March 1, issued a check to establish a petty cash lund of $1,000. B. on April 1, the amount of cash in the petty cash fund is $315. Issued a check to replenish the fund, based on the following summary of petty cash receipts: ropair expense, $600, and miscellaneous selling expense, $56. Record any missing funds in the cash short and over account 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expert 535 Rent Expense 536 Repairs Expense 637 Selling Expenses 638 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense Store Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 151 Prepaid Insurance 531 Advertising Expense 181 Land 532 Delivery Expense 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 194 Accumulated Depreciation-Store Equipment 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable 591 Miscellaneous Administrative Expense 592 Miscellaneous Selling Expense 710 Interest Expense EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary A On March 1, issued a check to establish a petty cash tund of $1,000. Refer to the Chart of Accounts for exact wording of account sites PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. RER DEBIT CREDIT LIABILITIES 1 four 2 8. On April 1, the amount of cash in the petty cash fund is $315. issued a check to replenish the fund, based on the following summary of petty cash recepts: Papir penis, S800, and miscellaneous selling expense, $56. Record any missing funds in the cash short and over account. Refer to the Chart of Accounts for exact wording of account titles GE: JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REK DEBIT CREDIT ASSETS LIBUTIES touTY 1
