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Florences Florals, a retail business, started a $250 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash
Florences Florals, a retail business, started a $250 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30.
DATE | TRANSACTIONS | |
June | 1 | Issued Check 550 for $250 to establish a petty cash fund. |
5 | Paid $30 from the petty cash fund for office supplies, Petty Cash Voucher 1. | |
8 | Paid $31 from the petty cash fund for postage stamps, Petty Cash Voucher 2. | |
15 | Paid $18 from the petty cash fund for delivery service, Petty Cash Voucher 3. | |
22 | Paid $40 from the petty cash fund to the owner, Rosa Calderon, for her personal use, Petty Cash Voucher 4. | |
25 | Paid $30 from the petty cash fund to have the store windows washed, Petty Cash Voucher 5. | |
29 | Paid $47 from the petty cash fund for delivery service, Petty Cash Voucher 6. | |
30 | Issued Check 590 for $196 to replenish the petty cash fund. |
Required:
- Record the transaction to establish the petty cash fund on June 1 in a general journal.
- Record all transactions on a petty cash analysis sheet.
- Record the transaction to replenish the petty cash fund on June 30 in the general journal.
Analyze: What were the total payments from the petty cash fund in June?
une sy EGY Record the transaction to establish the petty cash fund on June 1 in a general journal wractions Journal entry worksheet points Complete this question by entering your answers in the tabs below. June 01 Entry Petty Cash Analysis June 30 Entry Analyze Record the transaction to replenish the petty cash fund on June 30 in the general journal. View transaction at References Journal entry worksheet Issued Check 590 for $196 to replenish the petty cash fund. Note: Enter debits before credits Date General Journal Debit Credit Jun 30, 2019 Record entry Clear entry View general Journal June 01 Entry Petty Cash Analysis June 30 Entry Analyze What were the total payments from the petty cash fund in June? Total payments
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