Jenrob Company completed the following selected transactions during January 20XX.

Jan 1: Established a perry cash fund of $500

Jan 15: The cash sales for the day per the register were $3018.

The actual cash received from cash sales was $3011.

Jan 31: Petty cash on hand was $123. Replenished the petty cash fund for the following disbursements:

Jan2: office supplies;$45

Jan10: postage due on the letter, $29(miscellaneous expense)

Jan14: office supplies; $56

Jan17: Postage stamps; $42(office supplies)

Jan 20: Express charges on merchandise sold, $136 (delivery expense)

Jan 22: Repair to the desk, $63(miscellaneous expense)

Jan 30: office supplies, $12

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Jan 31: The cash sales for the day per the register tape were $2812.

The actual cash received from cash sales were $2822

Jan 31: Decreased the petty cash fund by $100.

What is the balance in the cash-short/over the account (DR or CR and cash amount)? Is it revenue or an expense?

Transcribed Image Text:

The actual cash received from cash sales were $2,82 Decreased the petty cash fund by $100. 31 General Jourmal Date Description Debit Credit The actual cash received from cash sales were $2,82 Decreased the petty cash fund by $100. 31 General Jourmal Date Description Debit Credit

Answer rating: 100% (QA)

Jenrob Company Journal Entries Date Description Debit Credit 1Jan Petty Cash 500 Cas... View the full answer