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PR 8-2A Transactions for petty cash, cash short and over Picasso Restoration Company completed the following selected transactions during May 2014: OBJ. 3,6 May 1.

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PR 8-2A Transactions for petty cash, cash short and over Picasso Restoration Company completed the following selected transactions during May 2014: OBJ. 3,6 May 1. Established a petty cash fund of $800. 10. The cash sales for the day, according to the cash register records, totaled $3.345 The actual cash received from cash sales was $3,358. 31. Petty cash on hand was $275. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: May 3. Store supplies, $290. 7. Express charges on merchandise sold, $70 (Delivery Expense). 9. Office supplies, $12. 13. Office supplies, $25. 19. Postage stamps, $18 (Office Supplies). 21. Repair to office file cabinet lock, $20 (Miscellaneous Administrative Expense). Chapter 8 395 Sarbanes-Oxley, Internal Control, and Cash May 22. Postage due on special delivery letter, $16 (Miscellaneous Administra- tive Expense). 24. Express charges on merchandise sold, $40 (Delivery Expense). 30. Office supplies, $10. May 31. The cash sales for the day, according to the cash register records, totaled $6,155. The actual cash received from cash sales was $6,125. 31. Decreased the petty cash fund by $50. Instructions Journalize the transactions

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