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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 $920. 12. The cash sales for the day, according to the cash register records, totaled $13,335. The actual cash received from cash sales was $13,348. 30. Petty cash on hand was $70. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $101. June 10. Express charges on merchandise purchased, $147 (Merchandise Inventory). June 14. Office supplies, $64. June 15. Office supplies, $74. June 18. Postage stamps, $77 (Office Supplies). June 20. Repair to fax, $184 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $64 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $50 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $74 (Merchandise Inventory). The cash sales for the day, according to the cash register records, totaled $16,763. The actual cash received from cash sales was $16,721. 30. Increased the petty cash fund by $230. Required: Journalize the transactions. For a compound transaction, if an amount box does not require an entry. leave it blank. June 1 Required: Journalize the transactions. For a compound transaction, if an amount box does not require an entry leave it blank June 1 June 30- Replenish June 30- Petty cash
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