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Petty cash fund entries Instructions Chart of Accounts Journal Instructions Chart of Accounts ASSETS Journalize the entries to record the following (refer to the Chart
Petty cash fund entries Instructions Chart of Accounts Journal Instructions Chart of Accounts ASSETS Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of accountitle) 110 Cash REVENUE 410 Sales 610 Interest Revenue 111 Petty Cash 120 Accounts Receivable Instructions A On March 1, Check is issued to establish a petty cash und of $1.050 B. On April 1, the amount of cash in the petty cash and is now $106. Check is issued to replenish the fund, based on the following summary of petty cash receptomice supplies.s001, micellaneous selling expense, $100 miscellaneous administrative expertise, $13. (Because the amount of the check to replenish the fund plus the balance in mind do not equal $1,050, record the dioregancy in the cash short and we account) 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 101 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Copment 104 Accumulated Depreciation Store Eviment EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 518 Cash Short and Over 520 Salaries Expense 531 Advertising Expert 532 Delivery Experte 530 Insurance Expense 834 Office Supplies Expense 595 Root Expen 51 Repairs Expense 67 Soling Expenses 538 Store Supplies apenas 564 Depreciation pense-Office Equipment www Francine Fement LIABILITIES 210 Accounts Payable 721 Pava Chart of Accounts TOT Land V. YUI 533 Insurance Expense 534 Office Supplies Expense 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment 535 Rent Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable 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 EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary A. On March 1, journalize the following transaction: Check is issued to establish a petty cash fund of $1,050. Refer to the Chart of Accounts for exact wording of accounties PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LABILITIES EQUITY 1 2 B. On April 1, the amount of cash in the potty cash fund is now $106. Check is issued to replenish the fund, based on the following summary of potty cash receipts: office supplies, $603; miscellaneous selling expense, $183; miscellaneous administrative expense, $136. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,050, record the discrepancy in the cash short and over account) Refer to the Chart of Accounts for exact wording of accountles. PAGE 1 B. On April 1, the amount of cash in the petty cash fund is now $106. Check is issued to replenish the fund, based on the following summary of petty cash receipts: etlice supplies, $608; miscellaneous selling expense, $189; miscellaneous administrative expense, $136. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,050, record the discrepancy in the cash short and over account) Refer to the Chart of Accounts for exact wording of account teles PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS EQUITY 1 2 3
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