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please help Prepare journal entries for each of the following (Refer to the Chart of Accounts for exact wording of account tities): Instructions a. On
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Prepare journal entries for each of the following (Refer to the Chart of Accounts for exact wording of account tities): Instructions a. On July 1 , issued a chetk to establish a petty cash fund of $760. b. The amount of cash in the petty cash fund is $107. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $501, and miscollaneous selling expense, $90. Fecord any missing funds in the cash short and over account. a. On July 1 , issued a check to establish a petty cash fund of $760. Fofor to the Chart of Accounts for exact wording of account tities. Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes Recelvable 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 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 Fxnence 4ns Ctron Eminmont Previo Chart of Accounts 192 Accumulated Depreciation-Office Equipment 534 Office Supplies Expense 193 Store Equipment 535 Rent Expense 194 Accumulated Depreciation-Store Equipment 536 Repairs Expense 537 Selling Expenses LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable 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 Common Stock 311 Retained Eamings 312 Dividends Step by Step Solution
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