Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash...
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Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $710. 12. The cash sales for the day, according to the cash register records, totaled $12,428. The actual cash received from cash sales was $12,440. 30. Petty cash on hand was $54. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $78. June 10. Express charges on merchandise purchased, $114 (Merchandise Inventory). June 14. Office supplies, $50. June 15. Office supplies, $57. June 18. Postage stamps, $60 (Office Supplies). June 20. Repair to fax, $142 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $50 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $38 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $57 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $24,379. The actual cash received from cash sales was $24,349. 30. Increased the petty cash fund by $178. Required: Journalize the transactions. If an amount box does not require an entry, leave it blank. June 1 Petty Cash 690 X Cash June 12 9,873 X Cash Short and Over Sales June 30-Replenish Store Supplies 76 X Merchandise Inventory 165 X Office Supplies 161 X Miscellaneous Administrative Expense 223 X Cash Short and Over 13 X Cash June 30-Sale Cash 24,874 X Cash Short and Over 35 X Sales June 30-Petty cash Petty Cash 173 X Cash Cash 690 X 32 X 9,841 X 638 X 24,909 X 173 X Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $710. 12. The cash sales for the day, according to the cash register records, totaled $12,428. The actual cash received from cash sales was $12,440. 30. Petty cash on hand was $54. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $78. June 10. Express charges on merchandise purchased, $114 (Merchandise Inventory). June 14. Office supplies, $50. June 15. Office supplies, $57. June 18. Postage stamps, $60 (Office Supplies). June 20. Repair to fax, $142 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $50 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $38 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $57 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $24,379. The actual cash received from cash sales was $24,349. 30. Increased the petty cash fund by $178. Required: Journalize the transactions. If an amount box does not require an entry, leave it blank. June 1 Petty Cash 690 X Cash June 12 9,873 X Cash Short and Over Sales June 30-Replenish Store Supplies 76 X Merchandise Inventory 165 X Office Supplies 161 X Miscellaneous Administrative Expense 223 X Cash Short and Over 13 X Cash June 30-Sale Cash 24,874 X Cash Short and Over 35 X Sales June 30-Petty cash Petty Cash 173 X Cash Cash 690 X 32 X 9,841 X 638 X 24,909 X 173 X
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Please find the answer below Date Account Dr Cr Petty cash 710 Cash 71... View the full answer
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
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