Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $1,310. 12. The cash sales for the day, according to the cash register records, totaled $13,259. The actual cash received from cash sales was $13,277. 30. Petty cash on hand was $100. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $144. June 10. Express charges on merchandise purchased, $210 (Merchandise Inventory). June 14. Office supplies, $92. June 15. Office supplies, $105. June 18. Postage stamps, $110 (Office Supplies). June 20. Repair to fax, $262 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $92 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $71 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $105 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $16,218. The actual cash received from cash sales was $16,181. 30. Increased the petty cash fund by $328. Required: Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 1PB: On June 1 French company has decided to initiate a petty cash fund in the amount of $800. Prepare...

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Cedar Springs Company completed the following selected transactions during June:

June 1.	Established a petty cash fund of $1,310.
12.	The cash sales for the day, according to the cash register records, totaled $13,259.
	The actual cash received from cash sales was $13,277.
30.	Petty cash on hand was $100. Replenished the petty cash fund for the following
	disbursements, each evidenced by a petty cash receipt:
	June 2. Store supplies, $144.
	June 10. Express charges on merchandise purchased, $210 (Merchandise Inventory).
	June 14. Office supplies, $92.
	June 15. Office supplies, $105.
	June 18. Postage stamps, $110 (Office Supplies).
	June 20. Repair to fax, $262 (Miscellaneous Administrative Expense).
	June 21. Repair to office door lock, $92 (Miscellaneous Administrative Expense).
	June 22. Postage due on special delivery letter, $71 (Miscellaneous Administrative Expense).
	June 28. Express charges on merchandise purchased, $105 (Merchandise Inventory).
30.	The cash sales for the day, according to the cash register records, totaled $16,218.
	The actual cash received from cash sales was $16,181.
30.	Increased the petty cash fund by $328.

Required:

Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.

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