Cedar Springs Company completed the following selected transactions during November 2012: Nov. 1. Established a petty cash
Question:
Cedar Springs Company completed the following selected transactions during November 2012:
Nov. 1. Established a petty cash fund of $850.
12. The cash sales for the day, according to the cash register records, totaled $16,100. The actual cash received from cash sales was $16,175.
30. Petty cash on hand was $70. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:
Nov. 2. Store supplies, $100.
10. Express charges on merchandise purchased, $260 (Merchandise Inventory).
14. Office supplies, $125.
15. Office supplies, $80.
18. Postage stamps, $70 (Office Supplies).
20. Repair to fax, $35 (Miscellaneous Administrative Expense).
21. Repair to office door lock, $15 (Miscellaneous Administrative Expense).
22. Postage due on special delivery letter, $40 (Miscellaneous Administrative Expense).
28. Express charges on merchandise purchased, $40 (Merchandise Inventory).
30. The cash sales for the day, according to the cash register records, totaled $19,415. The actual cash received from cash sales was $19,350.
30. Increased the petty cash fund by $150.
Instructions
Journalize the transactions.
Step by Step Answer: