Jan. Established a petty cash fund of $900. 1. The cash sales for the day, according to the cash register records, 12. totaled $6,148. The actual cash received from cash sales was $6,180. Petty cash on hand was $75. Replenished the petty cash fund for 31. the following disbursements, each evidenced by a petty cash receipt: Jan. Store supplies, $470. 3. 7. Express charges on merchandise sold, $55 (Delivery Expense). 9. Office supplies, $30. 13. Office supplies, $11. 19. Postage stamps, $55 (Office Supplies). Repair to office file cabinet lock, $60 (Miscellaneous 21. Administrative Expense). Postage due on special delivery letter, $30 (Miscellaneous 22. Administrative Expense). 24. Express charges on merchandise sold, $85 (Delivery Expense). 30. Office supplies, $14. The cash sales for the day, according to the cash register records, Jan. totaled $4,550. The actual cash received from cash sales was 31. $4,536. 31. Decreased the petty cash fund by $200.
Jan. Established a petty cash fund of $900. 1. The cash sales for the day, according to the cash register records, 12. totaled $6,148. The actual cash received from cash sales was $6,180. Petty cash on hand was $75. Replenished the petty cash fund for 31. the following disbursements, each evidenced by a petty cash receipt: Jan. Store supplies, $470. 3. 7. Express charges on merchandise sold, $55 (Delivery Expense). 9. Office supplies, $30. 13. Office supplies, $11. 19. Postage stamps, $55 (Office Supplies). Repair to office file cabinet lock, $60 (Miscellaneous 21. Administrative Expense). Postage due on special delivery letter, $30 (Miscellaneous 22. Administrative Expense). 24. Express charges on merchandise sold, $85 (Delivery Expense). 30. Office supplies, $14. The cash sales for the day, according to the cash register records, Jan. totaled $4,550. The actual cash received from cash sales was 31. $4,536. 31. Decreased the petty cash fund by $200.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 2PB
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Question
Transactions for petty cash, cash short and over
Jeremiah Restoration Company completed the following selected
transactions during January:
Instructions
Journalize the transactions
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