Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

blems Saved Help Save & June 1 Issued Check 4 1 2 1 for $ 1 , 9 0 0 to pay the monthly rent.

blems
Saved
Help
Save &
June 1 Issued Check 4121 for $1,900 to pay the monthly rent.
2 Issued Check 4122 for $3,600 to remit the state sales tax.
3 Issued Check 4123 for $2,720 to Perfect Timing Watch Company, a creditor, in payment of Invoice 6808, dated May 5.
4 Issued Check 4124 for $150 to establish a petty cash fund. (After journalizing this transaction, be sure to enter it on the first line of the petty cash analysis sheet.)
5 Paid $24 from the petty cash fund for office supplies, Petty Cash Voucher 1.
7 Issued Check 4125 for $2,704 to Perry Corporatilon in payment of a $2,600 promissory note and interest of $104.
8 Paid $14 from the petty cash fund for postage stamps, Petty Cash Voucher 2.
10 Issued Check 4126 for $588 to a customer as a cash refund for a defective watch that was returned; the original sale was made for cash.
12 Issued Check 4127 for $270 to pay the telephone bill.
14 Issued Check 4128 for $5,537 to International Jewelry Company, a creditor, in payment of Invoice 8629, dated May 6($5,650), less a cash discount ($113).
15 Paid $19 from the petty cash fund for delivery service, Petty Cash voucher 3.
17 Issued Check 4129 for $800 to purchase store supplies.
20 Issued Check 4130 for $3,136 to Nelson's Jewelry and Accessories, a creditor, in payment of Invoice 1513, dated June 12($3,200), less a cash discount ($64).
22 Paid $18 from the petty cash fund for a personal withdrawal by Larry Jennings, the owner, Petty Cash Voucher 4.
25 Paid $24 from the petty cash fund to have the store windows washed and repaired, Petty Cash voucher 5.
30 Issued Check 4131 for $3,590 to Classy Creations, a creditor. in payment of Invoice 667, dated May 30.
30 Paid $18 from the petty cash fund for delivery service, Petty Cash Voucher 6.
30 Issued Check 4132 for $7,525 to pay the monthly salaries.
30 Issued Check 4133 for $4,400 to Larry Jennings, the owner, as a withdrawal for personal use.
30 Issued Check 4134 for $117 to replenish the petty cash fund. (Foot the columns of the petty cash analysis
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Ch 1-14

Authors: John Wild, Vernon Richardson, Ken Shaw

1st Edition

0073346896, 9780073346892

More Books

Students also viewed these Accounting questions

Question

5 What are the ongoing challenges for HRM?

Answered: 1 week ago

Question

4 What typifies the first and second waves of HRM?

Answered: 1 week ago