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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 $1,120. 12. The cash sales for the day, according to the cash register records, totaled $13,404. The actual cash received from cash sales was $13,459. 30. Petty cash on hand was $85. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $123. June 10. Express charges on merchandise purchased, $179 (Merchandise Inventory). June 14. Office supplies, $78. June 15. Office supplies, $90. June 18. Postage stamps, $94 (Office Supplies). June 20. Repair to fax, $224 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $78 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $60 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $90 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $25,364. The actual cash received from cash sales was $25,335. 30. Increased the petty cash fund by $280. Required: Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. June 1 June 12 June 30- Replenish June 30-Sale June 30-petty cash
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