Question
Cactus Restoration Company completed the following selected transactions during October 2016: October 1. Established a petty cash fund of $740. 12. The cash sales for
Cactus Restoration Company completed the following selected transactions during October 2016: October 1. Established a petty cash fund of $740. 12. The cash sales for the day, according to the cash register records, totaled $11,604. The actual cash received from cash sales was $11,628. 31. Petty cash on hand was $146. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: October 3. Store supplies, $389. 7. Express charges on merchandise sold, $34 (Delivery Expense). 9. Office supplies, $12. 13. Office supplies, $23. 19. Postage stamps, $12 (Office Supplies). 21. Repair to office file cabinet lock, $16 (Miscellaneous Administrative Expense). 22. Postage due on special delivery letter, $32 (Miscellaneous Administrative Expense). 24. Express charges on merchandise sold, $53 (Delivery Expense). 30. Office supplies, $7. October 31. The cash sales for the day, according to the cash register records, totaled $20,190. The actual cash received from cash sales was $20,148. 31. Decreased the petty cash fund by $110. Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.
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