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Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $1,340. 12. The cash sales for the
Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $1,340. 12. The cash sales for the day, according to the cash register records, totaled $12,457. The actual cash received from cash sales was $12,497. 30. Petty cash on hand was $102. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $147. June 10. Express charges on merchandise purchased, $214 (Merchandise Inventory). June 14. Office supplies, $94. June 15. Office supplies, $107. June 18. Postage stamps, $113 (Office Supplies). June 20. Repair to fax, $268 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $94 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $72 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $107 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $23,974. The actual cash received from cash sales was $23,929. 30. Increased the petty cash fund by $335
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