Problem 9.2A Journalizing cash payments, recording petty cash, and posting to the general ledger. LO 9-4, 9-5, 9-6 The cash payments of The Aristocrats Jewels, a retail business, for June and the general ledger accounts used to record these transactions appear below. GENERAL LEDGER ACCOUNTS $46, 740 Dr. 1,160 Dr. 4,200 Cr. 19,880 Cr 5,200 Cr. 101 Cash 105 Petty Cash Fund 129 Supplies 201 Notes Payable 205 Accounts Payable 231 Sales Tax Payable 302 Larry Jennings, Drawing 451 Sales Returns and Allowances 504 Purchases Discounts 611 Delivery Expense 620 Rent Expense 623 Salaries Expense 626 Telephone Expense 634 Interest Expense 635 Miscellaneous Expense DATE TRANSACTIONS June 1 Issued Check 4121 for $3,500 to pay the monthly rent. 2 Issued Check 4122 for $5,200 to remit the state sales tax. 3 Issued Check 4123 for $2,880 to Perfect Timing Watch Company, a creditor, in payment of Invoice 6808, dated May 5. 4 Issued Check 4124 for $250 to establish a petty cash fund. (After journalizing this transaction, be sure to enter it on the first line of the petty cash analysis sheet.) 5 Paid $40 from the petty cash fund for office supplies, Petty Cash Voucher 1. 7 Issued Check 4125 for $4,368 to Perry Corporation in payment of a $4,200 promissory note and interest of $168. Paid $30 from the petty cash fund for postage stamps (miscellaneous expense), Petty Cash Voucher 2. 10 Issued Check 4126 for $604 to a customer as a cash refund for a defective watch that was returned; the original sale was made for cash. 12 Issued Check 4127 for $286 to pay the telephone bill. 14 Issued Check 4128 for $5,831 to International Jewelry Company, a creditor, in payment of Invoice 8629, dated May 6 ($5,950), less a cash discount ($119). 15 Paid $19 from the petty cash fund for delivery service, Petty Cash Voucher 3. 17 Issued Check 4129 for $960 to purchase store supplies. 20 Issued Check 4130 for $3,920 to Nelsons Jewelry and Accessories, a creditor, in payment of Invoice 1513, dated June 12 ($4,000), less a cash discount ($80). 22 Paid $34 from the petty cash fund for a personal withdrawal by Larry Jennings, the owner, Petty Cash Voucher 4. 25 Paid $40 from the petty cash fund to have the store windows washed and repaired, Petty Cash Voucher 5. 27 Issued Check 4131 for $3,750 to Classy Creations, a creditor, in payment of Invoice 667, dated May 30. 30 Paid $34 from the petty cash fund for delivery service, Petty Cash Voucher 6. 30 Issued Check 4132 for $7,925 to pay the monthly salaries. 30 Issued Check 4133 for $6,000 to Larry Jennings, the owner, as a withdrawal for personal use. 30 Issued Check 4134 for $197 to replenish the petty cash fund. (Foot the columns of the petty cash analysis sheet in order to determine the accounts that should be debited and the amounts involved.) Required: 1. Open the general ledger accounts and enter the balances as of June 1. 2. Record all payments by check in a cash payments journal. 3. Record all payments from the petty cash fund on a petty cash analysis sheet. 4. Post the individual entries from the Other Accounts Debit section of the cash payments journal to the proper general ledger accounts. 5. Total, prove, and rule the petty cash analysis sheet as of June 30. Record the replenishment of the fund and the final balance on the sheet. 6. Total, prove, and rule the cash payments journal as of June 30. 7. Post the column totals from the cash payments journal to the proper general ledger accounts. Analyze: What total payments were made from the petty cash fund for the month? Post the opening balances and transactions into the appropriate ledger accounts. Cash Date June 1, 2019 Account No: 101 Credit Balance Petty Cash Fund Date Debit Account No: 105 Credit Balance Debit Supplies Date June 1, 2019 Account No: 129 Credit Balance Notes Payable Date Debit June 1, 2019 Account No: 201 Credit Balance Debit Accounts Payable Date Debit June 1, 2019 Account No: 205 Credit Balance Sales Tax Payable Date Debit June 1, 2019 Account No: 231 Credit Balance Larrry Jennings, Drawing Date Debit Account No: 302 Credit Balance Sales Returns and Allowances Date Debit Account No: 451 Credit Balance Purchase Discounts Date Debit Account No: 504 Credit Balance Delivery Expense Date Debit Account No: 611 Credit Balance Rent Expense Date Debit Account No: 620 Credit Balance Salaries Expense Date Debit Account No: 623 Credit Balance Telephone Expense Date Debit Account No: 626 Credit Balance Interest Expense Date Debit Account No: 634 Credit Balance Miscellaneous Expense Date Debit Account No: 635 Credit Balance CASH PAYMENTS JOURNAL Other Accounts Debit Date CK. No. Description Accounts Payable Debit Purchases Discount Credit Cash Credit Account Name Amount June 1, 2019 June 2, 2019 June 3, 2019 June 4, 2019 June 7, 2019 June 10, 2019 June 12, 2019 June 14, 2019 June 17, 2019 June 20, 2019 June 27, 2019 June 30, 2019 June 30, 2019 June 30, 2019 Record all payments from the petty cash fund on a petty cash analysis sheet. (Record the transactions in the given order.) PETTY CASH ANALYSIS SHEET DISTRIBUTION OF PAYMENTS Other Accounts Debit Payments Delivery Misc. Supplies Debit Expense Expense Debit Debit Account Name Amount Date Description Receipts June 4, 2019 June 5, 2019 June 8, 2019 June 15, 2019 June 22, 2019 June 25, 2019 June 30, 2019 June 30, 2019 June 30, 2019 Totals June 30, 2019 June 30, 2019 June 30, 2019 What total payments were made from the petty cash fund for the month? Total payments made from the petty cash fund Problem 9.2A Journalizing cash payments, recording petty cash, and posting to the general ledger. LO 9-4, 9-5, 9-6 The cash payments of The Aristocrats Jewels, a retail business, for June and the general ledger accounts used to record these transactions appear below. GENERAL LEDGER ACCOUNTS $46, 740 Dr. 1,160 Dr. 4,200 Cr. 19,880 Cr 5,200 Cr. 101 Cash 105 Petty Cash Fund 129 Supplies 201 Notes Payable 205 Accounts Payable 231 Sales Tax Payable 302 Larry Jennings, Drawing 451 Sales Returns and Allowances 504 Purchases Discounts 611 Delivery Expense 620 Rent Expense 623 Salaries Expense 626 Telephone Expense 634 Interest Expense 635 Miscellaneous Expense DATE TRANSACTIONS June 1 Issued Check 4121 for $3,500 to pay the monthly rent. 2 Issued Check 4122 for $5,200 to remit the state sales tax. 3 Issued Check 4123 for $2,880 to Perfect Timing Watch Company, a creditor, in payment of Invoice 6808, dated May 5. 4 Issued Check 4124 for $250 to establish a petty cash fund. (After journalizing this transaction, be sure to enter it on the first line of the petty cash analysis sheet.) 5 Paid $40 from the petty cash fund for office supplies, Petty Cash Voucher 1. 7 Issued Check 4125 for $4,368 to Perry Corporation in payment of a $4,200 promissory note and interest of $168. Paid $30 from the petty cash fund for postage stamps (miscellaneous expense), Petty Cash Voucher 2. 10 Issued Check 4126 for $604 to a customer as a cash refund for a defective watch that was returned; the original sale was made for cash. 12 Issued Check 4127 for $286 to pay the telephone bill. 14 Issued Check 4128 for $5,831 to International Jewelry Company, a creditor, in payment of Invoice 8629, dated May 6 ($5,950), less a cash discount ($119). 15 Paid $19 from the petty cash fund for delivery service, Petty Cash Voucher 3. 17 Issued Check 4129 for $960 to purchase store supplies. 20 Issued Check 4130 for $3,920 to Nelsons Jewelry and Accessories, a creditor, in payment of Invoice 1513, dated June 12 ($4,000), less a cash discount ($80). 22 Paid $34 from the petty cash fund for a personal withdrawal by Larry Jennings, the owner, Petty Cash Voucher 4. 25 Paid $40 from the petty cash fund to have the store windows washed and repaired, Petty Cash Voucher 5. 27 Issued Check 4131 for $3,750 to Classy Creations, a creditor, in payment of Invoice 667, dated May 30. 30 Paid $34 from the petty cash fund for delivery service, Petty Cash Voucher 6. 30 Issued Check 4132 for $7,925 to pay the monthly salaries. 30 Issued Check 4133 for $6,000 to Larry Jennings, the owner, as a withdrawal for personal use. 30 Issued Check 4134 for $197 to replenish the petty cash fund. (Foot the columns of the petty cash analysis sheet in order to determine the accounts that should be debited and the amounts involved.) Required: 1. Open the general ledger accounts and enter the balances as of June 1. 2. Record all payments by check in a cash payments journal. 3. Record all payments from the petty cash fund on a petty cash analysis sheet. 4. Post the individual entries from the Other Accounts Debit section of the cash payments journal to the proper general ledger accounts. 5. Total, prove, and rule the petty cash analysis sheet as of June 30. Record the replenishment of the fund and the final balance on the sheet. 6. Total, prove, and rule the cash payments journal as of June 30. 7. Post the column totals from the cash payments journal to the proper general ledger accounts. Analyze: What total payments were made from the petty cash fund for the month? Post the opening balances and transactions into the appropriate ledger accounts. Cash Date June 1, 2019 Account No: 101 Credit Balance Petty Cash Fund Date Debit Account No: 105 Credit Balance Debit Supplies Date June 1, 2019 Account No: 129 Credit Balance Notes Payable Date Debit June 1, 2019 Account No: 201 Credit Balance Debit Accounts Payable Date Debit June 1, 2019 Account No: 205 Credit Balance Sales Tax Payable Date Debit June 1, 2019 Account No: 231 Credit Balance Larrry Jennings, Drawing Date Debit Account No: 302 Credit Balance Sales Returns and Allowances Date Debit Account No: 451 Credit Balance Purchase Discounts Date Debit Account No: 504 Credit Balance Delivery Expense Date Debit Account No: 611 Credit Balance Rent Expense Date Debit Account No: 620 Credit Balance Salaries Expense Date Debit Account No: 623 Credit Balance Telephone Expense Date Debit Account No: 626 Credit Balance Interest Expense Date Debit Account No: 634 Credit Balance Miscellaneous Expense Date Debit Account No: 635 Credit Balance CASH PAYMENTS JOURNAL Other Accounts Debit Date CK. No. Description Accounts Payable Debit Purchases Discount Credit Cash Credit Account Name Amount June 1, 2019 June 2, 2019 June 3, 2019 June 4, 2019 June 7, 2019 June 10, 2019 June 12, 2019 June 14, 2019 June 17, 2019 June 20, 2019 June 27, 2019 June 30, 2019 June 30, 2019 June 30, 2019 Record all payments from the petty cash fund on a petty cash analysis sheet. (Record the transactions in the given order.) PETTY CASH ANALYSIS SHEET DISTRIBUTION OF PAYMENTS Other Accounts Debit Payments Delivery Misc. Supplies Debit Expense Expense Debit Debit Account Name Amount Date Description Receipts June 4, 2019 June 5, 2019 June 8, 2019 June 15, 2019 June 22, 2019 June 25, 2019 June 30, 2019 June 30, 2019 June 30, 2019 Totals June 30, 2019 June 30, 2019 June 30, 2019 What total payments were made from the petty cash fund for the month? Total payments made from the petty cash fund