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Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1. Established a petty cash fund of $750. 12. The cash sales for
Wyoming Restoration Company completed the following selected transactions during July 20Y1:
July 1. | Established a petty cash fund of $750. |
12. | The cash sales for the day, according to the cash register records, totaled $11,276. The actual cash received from cash sales was $11,303. |
31. | Petty cash on hand was $160. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: |
July 3. | Store supplies, $394. |
7. | Express charges on merchandise sold, $37 (Delivery Expense). |
9. | Office supplies, $10. |
13. | Office supplies, $22. |
19. | Postage stamps, $13 (Office Supplies). |
21. | Repair to office file cabinet lock, $14 (Miscellaneous Administrative Expense). |
22. | Postage due on special delivery letter, $30 (Miscellaneous Administrative Expense). |
24. | Express charges on merchandise sold, $54 (Delivery Expense). |
30. | Office supplies, $6. |
July 31. | The cash sales for the day, according to the cash register records, totaled $18,049. The actual cash received from cash sales was $18,004. |
31. | Decreased the petty cash fund by $115. |
Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.
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