CHAPTER 8 HW: Q2

Transactions for Petty CashCash Short and Over Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $1,350 12. The cash sales for the day, according to the cash register records, totaled \$11,701 The actual cash received from cash sales was $11,721. 30. Petty cash on hand was $103. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt June 2. Store supplies, $149 June 10. Express charges on merchandise purchased , $216 ( Merchandise Inventory) June 14. Office supplies, $95. June 15. Office supplies, $108. June 18. Postage stamps, $113 (Office Supplies). June 20. Repair to fax, $270 ( Miscellaneous Administrative Expense ). June 21. Repair to office door lock$95 ( Miscellaneous Administrative Expense) June 22. Postage due on special delivery letter, $73 (Miscellaneous Administrative Expense ) June 28. Express charges on merchandise purchased, $108 ( Merchandise Inventory) 30. The cash sales for the day, according to the cash register records, totaled $ 23,581 The actual cash received from cash sales was $23,545 30. Increased the petty cash fund by $ 338

Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank June 1 June 12 June 30- Replenish I b1 bil) || | June 30-Sale June 30-petty cash