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Ivanhoe Retail Shop allows customers to use debit and bank credit cards as well as cash for purchases of merchandise. The company does not accept
Ivanhoe Retail Shop allows customers to use debit and bank credit cards as well as cash for purchases of merchandise. The company does not accept personal cheques Ivanhoe's bank charges $1.20 for every debit card transaction and 296 for bank credit card transactions On July 1 the company established a petty cash fund. Before it created the petty cash fund, cash was taken from the cash register whenever someone needed cash to pay for a small expense The following transactions happened in July July 1 Established the petty cash fund by cashing a cheque for $310. 8 Total sales for the week were $33.500. Customers paid for these purchases as follows: $12.500 in cash. $9,000 on debit cards (140 transactions), and the balance using bank credit cards. 8 Replenished the petty cash fund. On this date, the fund consisted of $90 in cash and the following petty cash receipts: $71 Freight out Supplies 36 Advertising in local paper 47 Personal withdrawal by owner, R. Ivanhoe 61 15 Total sales for the week were $29,895. Customers paid for these purchases as follows: $11.895 in cash, $10,000 on debit cards (160 transactions), and the balance using bank credit cards. 25 Replenished the petty cash fund and decreased the balance to $268. On this date, the fund consisted of $58 in cash and the following petty cash receipts: Postage $70 15 Total sales for the week were $29,895. Customers paid for these purchases as follows: $11,895 in cash $10,000 on debit cards (160 transactions), and the balance using bank credit cards. Replenished the petty cash fund and decreased the balance to $268. On this date, the fund consisted of $58 in cash and the following petty cash receipts: 25 Postage $70 Advertising in local newspaper 82 Supplies 87 (a) Record the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit 13 Totalles for the 29,95. Cunoard for the turchases at $11.495 in cath $10.000 sabit transactional and the balance bank traiter Rent that cabundanted the balance to this data thelund conated at 158 in cash and the following are 25 570 Super Record the trained unter automatically indented when the mount henter. De retindet manually frie entry is mlect Money for the title and enter for the amounts ou decimal places 5.275) Date Account Titles and Explanation Debit Credit July Farcurd sales) July July 13 July 25 Attempt: 0 of 1 and Sama
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