Jeremiah Restoration Company completed the following selected transactions during January:

Jan.	1.	Established a petty cash fund of $730.
	12.	The cash sales for the day, according to the cash register records, totaled $11,525. The actual cash received from cash sales was $11,551.
	31.	Petty cash on hand was $142. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:

Jan.	3.	Store supplies, $382.
	7.	Express charges on merchandise sold, $36 (Delivery Expense).
	9.	Office supplies, $17.
	13.	Office supplies, $21.
	19.	Postage stamps, $10 (Office Supplies).
	21.	Repair to office file cabinet lock, $14 (Miscellaneous Administrative Expense).
	22.	Postage due on special delivery letter, $30 (Miscellaneous Administrative Expense).
	24.	Express charges on merchandise sold, $60 (Delivery Expense).
	30.	Office supplies, $4.

Jan.	31.	The cash sales for the day, according to the cash register records, totaled $18,810. The actual cash received from cash sales was $18,774.
	31.	Decreased the petty cash fund by $95.

Required:

Journalize the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

CHART OF ACCOUNTSJeremiah Restoration CompanyGeneral Ledger

	ASSETS
110	Cash
111	Petty Cash
120	Accounts Receivable
131	Notes Receivable
132	Interest Receivable
141	Merchandise Inventory
145	Office Supplies
146	Store Supplies
151	Prepaid Insurance
181	Land
191	Office Equipment
192	Accumulated Depreciation-Office Equipment
193	Store Equipment
194	Accumulated Depreciation-Store Equipment

	LIABILITIES
210	Accounts Payable
221	Notes Payable
222	Interest Payable
231	Salaries Payable
241	Sales Tax Payable

	EQUITY
310	Owner, Capital
311	Owner, Drawing
312	Income Summary

	REVENUE
410	Sales
610	Interest Revenue

	EXPENSES
510	Cost of Merchandise Sold
515	Credit Card Expense
516	Cash Short and Over
520	Salaries Expense
531	Advertising Expense
532	Delivery Expense
533	Insurance Expense
534	Office Supplies Expense
535	Rent Expense
536	Repairs Expense
537	Selling Expenses
538	Store Supplies Expense
561	Depreciation Expense-Office Equipment
562	Depreciation Expense-Store Equipment
591	Miscellaneous Administrative Expense
592	Miscellaneous Selling Expense
710	Interest Expense

Journalize the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback.

PAGE 1

JOURNAL

ACCOUNTING EQUATION

Score: 114/198

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

Points:

21.3 / 37

Feedback

Check My Work

As you go through these transactions, recall that the only times Petty Cash is used are when the fund is initially established or increased/decreased. Remember that at all times, the petty cash and/or receipts must equal the amount in the petty cash fund. Therefore, to replenish the fund, you add all receipts removed from petty cash and subtract that from the amount that should be in the fund. Any difference will be used as