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the last chegg expert unfortunately got this wrong. His analyzation for total payments from petty cash fund in june was $196 and it was wrong.
the last chegg expert unfortunately got this wrong. His analyzation for total payments from petty cash fund in june was $196 and it was wrong.
a 8 Florence's Florals, a retall business, started a $250 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30. DATE TRANSACTIONS June 1 Tasued Check 550 for $250 to entablish a petty cash fund. 5 Paid $31 from the petty cash Lund for office supplies, Patty Cash Voucher 1. Paid $32 from the petty cash fund for pontage stamps, Petty Cash Voucher 2. 15 Paid $19 from the petty cash fund for delivery service, Petty cash Voucher 3. 22 Paid $41 from the petty cash fund to the owner, Rosa Calderon, for her personal use, Petty Canh Voucher 4. 25 Paid $31 from the petty cash fund to have the store windows wanhad, Petty Canh Voucher 5. 29 Paid $40 from the petty cash fund for delivery service, Petty cash Voucher 6. 30 Issued Check 590 for $202 to replenish the petty cash fund. Required: 1. Record the transaction to establish the petty cash fund on June 1 in a general Journal. 2. Record all transactions on a petty cash analysis sheet. 3. Record the transaction to replenish the petty cash fund on June 30 in the general Journal Analyze: What were the total payments from the petty cash fund in June? Dune 01 Entry Petty Cash Analysis June 30 Entry Analyze Record all transactions on a petty cash analysis sheet. (Input all amounts as positive values.) PETTY CASH ANALYSIS SHEET Date Voucher No. Description Receipts Payments Supplies Debit Distribution of Payments Delivery Misc Other Accounts Debit Expense Expense Debit Debit Account Title Amount - 1 2 3 June 01, 20X1 June 05, 20X1 June 08, 20X1 June 15, 20X1 June 22, 20X1 June 25, 20X1 June 29, 20X1 June 30, 20X1 June 30, 20X1 4 Establish fund Office supplies Postage stampa Delivery service Personal withdrawal Store windows washed Delivery service Totals Balance on hand 5 6 0 0 0 ... 0 June 30, 20X1 June 30, 20X1 June 30, 20X1 Balance on hand Replenish fund Carried forward June 01 Entry Analysis Analyze June 30 Entry Record the transaction to replenish the petty cash fund on June 30 in the general journal. View transaction list Journal entry worksheet 1 Issued Check 590 for $202 to replenish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 20X1 Record entry Clear entry View general Journal DATE the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30. TRANSACTIONS June 1 Issued Check 550 for $250 to establish a petty cash fund. 5 Paid $31 from the petty cash fund for office supplies, Petty Cash Voucher 1. 8 Paid $32 from the petty cash fund for postage stampa, Petty cash Voucher 2. 15 Paid $19 from the petty cash fund for delivery service, Petty cash Voucher 3. 22 Paid $41 from the petty cash fund to the owner, Rosa Calderon, for her personal une, Patty cash voucher 25 Paid $31 from the petty cash fund to have the store windows washed, Petty Cash Voucher 5. 29 Paid $48 from the petty cash fund for delivery service, Petty cash voucher 6. 30 Issued Check 590 for $202 to replenish the petty cash fund. Required: 1. Record the transaction to establish the petty cash fund on June 1 In a general Journal. 2. Record all transactions on a petty cash analysis sheet. 3. Record the transaction to replenish the petty cash fund on June 30 in the general Journal. Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. June 01 Entry Petty Cash Analysis June 30 Entry Analyze What were the total payments from the petty cash fund in June? Total payments (June 30 Entry Step by Step Solution
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