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Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund
Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $1,390. 12. The cash sales for the day, according to the cash register records, totaled $14,019. The actual cash received from cash sales was $14,034. 30. Petty cash on hand was $106. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $153. June 10. Express charges on merchandise purchased, $222 (Merchandise Inventory). June 14. Office supplies, $97. June 15. Office supplies, $111. June 18. Postage stamps, $117 (Office Supplies). June 20. Repair to fax, $278 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $97 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $75 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $111 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $21,897. The actual cash received from cash sales was $21,852. 30. Increased the petty cash fund by $348. Required: Journalize the transactions. If an amount box does not require an entry, leave it blank. June 1 June 12 June 30-Replenish II IIIIII III II lll June 30-Sale June 30-Petty cash
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