Transactions for petty cash, cash short and over Cedar Springs Company completed the following selected transactions during
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Question:
Transactions for petty cash, cash short and over
Cedar Springs Company completed the following selected transactions during June Y:
June Established a petty cash fund of $
June The cash sales for the day, according to the cash register records, totaled $ The actual cash received from cash sales was $
June Petty cash on hand was $ Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:
Line Item Description Amount
June Store supplies, $
June Express charges on merchandise purchased, $Inventory
June Office supplies, $
June Office supplies, $
June Postage stamps, $Office Supplies
June Repair to fax, $Miscellaneous Administrative Expense
June Repair to office door lock, $Miscellaneous Administrative Expense
June Postage due on special delivery letter, $Miscellaneous Administrative Expense
June Express charges on merchandise purchased, $Inventory
June The cash sales for the day, according to the cash register records, totaled $ The actual cash received from cash sales was $
June Increased the petty cash fund by $
Required:
Journalize the transactions. If an amount box does not require an entry, leave it blank.
DateAccountDebitCredit
Y June
June
June
June
June
Expert Answer:
Here are the journal entries for the given transactions 1 June 1 Petty Cash Fund 1000 Cash 1000 Esta... View the full answer
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