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

101Cash$40,240Dr

.105Petty Cash Fund

129Supplies1,000Dr

.201Notes Payable2,600Cr.

205Accounts Payable

18,280Cr.231Sales Tax Payable

3,600Cr.302Larry Jennings, Drawing

451Sales Returns and Allowances

504Purchases Discounts

611Delivery Expense

620Rent Expense

623Salaries Expense

626Telephone Expense

634Interest Expense

635Miscellaneous Expense

DATETRANSACTIONS

June1-Issued Check 4121 for $1,900 to pay the monthly rent.

June2-Issued Check 4122 for $3,600to remit the state sales tax.

June3-Issued Check 4123 for $2,720to Perfect Timing Watch Company, a creditor, in payment of Invoice 6808, dated May 5.

June 4-Issued Check 4124 for $150to establish a petty cash fund. (After journalizing this transaction, be sure to enter it on the first line of the petty cash analysis sheet.)

June 5-Paid $24from the petty cash fund for office supplies, Petty Cash Voucher 1.

June 7-Issued Check 4125 for $2,704 to Perry Corporation in payment of a $2,600 promissory note and interest of $104.

June8-Paid $14 from the petty cash fund for postage stamps (miscellaneous expense), Petty Cash Voucher 2.

June 10-Issued Check 4126 for $588 to a customer as a cash refund for a defective watch that was returned; the original sale was made for cash.

June 12-Issued Check 4127 for $270 to pay the telephone bill.

June 14-Issued Check 4128 for $5,537 to International Jewelry Company, a creditor, in payment of Invoice 8629, dated May 6 ($5,650), less a cash discount ($113).

June 15-Paid $19 from the petty cash fund for delivery service, Petty Cash Voucher 3.

June 17-Issued Check 4129 for $800 to purchase store supplies

June .20-Issued Check 4130 for $3,136 to Nelson's Jewelry and Accessories, a creditor, in payment of Invoice 1513, dated June 12 ($3,200), less a cash discount ($64).

June 22-Paid $18 from the petty cash fund for a personal withdrawal by Larry Jennings, the owner, Petty Cash Voucher 4.25Paid $24 from the petty cash fund to have the store windows washed and repaired, Petty Cash Voucher 5.27Issued Check 4131 for $3,590 to Classy Creations, a creditor, in payment of Invoice 667, dated May 30.

June 30-Paid $18 from the petty cash fund for delivery service, Petty Cash Voucher 6.30Issued Check 4132 for $7,525 to pay the monthly salaries.

June 30-Issued Check 4133 for $4,400 to Larry Jennings, the owner, as a withdrawal for personal use.

June 30-Issued Check 4134 for $117 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?