Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selected transactions...
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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 of $690. 12. The cash sales for the day, according to the cash register records, totaled $9,841. The actual cash received from cash sales was $9,873. 30. Petty cash on hand was $52. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $76. June 10. Express charges on merchandise purchased, $110 (Merchandise Inventory). June 14. Office supplies, $48. June 15. Office supplies, $55. June 18. Postage stamps, $58 (Office Supplies). June 20. Repair to fax, $138 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $48 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $37 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $55 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $24,909. The actual cash received from cash sales was $24,874. 30. Increased the petty cash fund by $173. Required: Journalize the transactions. 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 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 $690. 12. The cash sales for the day, according to the cash register records, totaled $9,841. The actual cash received from cash sales was $9,873. 30. Petty cash on hand was $52. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $76. June 10. Express charges on merchandise purchased, $110 (Merchandise Inventory). June 14. Office supplies, $48. June 15. Office supplies, $55. June 18. Postage stamps, $58 (Office Supplies). June 20. Repair to fax, $138 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $48 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $37 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $55 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $24,909. The actual cash received from cash sales was $24,874. 30. Increased the petty cash fund by $173. Required: Journalize the transactions. 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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June 1 Petty Cash 690 Cash 690 June 12 Cash 9873 Cash Short and Over 32 Sale... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
Posted Date:
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