Transactions for petty cash, cash short and over Instructions Chart of Accounts Journal Instructions Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1. Established a petty cash tund of $900. 12. The cash sales for the day, according to the cash register records, totaled $6,148. The actual cash received from cash sales was $6,180. 31. Petty cash on hand was $75. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: Jan. 3. Store supplies, $470o. 7. Express charges on merchandise sold, $55 (Delivery Expense). 9. Office supplies, $30. Office supplies, $11. 13. 19. Postage stamps, $55 (Office Supplies). 21. Repair to office file cabinet lock, $60 (Miscellaneous Administrative Expense). 22. Postage due on special delivery letter, $30 (Miscellaneous Administrative Expense). 24. Express charges on merchandise sold, S85 (Delivery Expense). 30. Office supplies, $14. Jan. 31. The cash sales for the day, according to the cash register records, totaled $4,550. The actual cash received from cash sales was $4,536. 31. Decreased the petty cash fund by $200. Joumalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.
Transactions for petty cash, cash short and over Instructions Chart of Accounts Journal Instructions Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1. Established a petty cash tund of $900. 12. The cash sales for the day, according to the cash register records, totaled $6,148. The actual cash received from cash sales was $6,180. 31. Petty cash on hand was $75. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: Jan. 3. Store supplies, $470o. 7. Express charges on merchandise sold, $55 (Delivery Expense). 9. Office supplies, $30. Office supplies, $11. 13. 19. Postage stamps, $55 (Office Supplies). 21. Repair to office file cabinet lock, $60 (Miscellaneous Administrative Expense). 22. Postage due on special delivery letter, $30 (Miscellaneous Administrative Expense). 24. Express charges on merchandise sold, S85 (Delivery Expense). 30. Office supplies, $14. Jan. 31. The cash sales for the day, according to the cash register records, totaled $4,550. The actual cash received from cash sales was $4,536. 31. Decreased the petty cash fund by $200. Joumalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.
Century 21 Accounting Multicolumn Journal
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ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
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Transcribed Image Text:Transactions for petty cash, cash short and over
Instructions Chart of Accounts Journal
Instructions
Jeremiah Restoration Company completed the following selected transactions during January:
Jan. 1.
Established a petty cash tund of $900.
12.
The cash sales for the day, according to the cash register records, totaled $6,148. The actual cash
received from cash sales was $6,180.
31.
Petty cash on hand was $75. Replenished the petty cash fund for the following disbursements, each
evidenced by a petty cash receipt:
Jan. 3.
Store supplies, $470o.
7.
Express charges on merchandise sold, $55 (Delivery Expense).
9.
Office supplies, $30.
Office supplies, $11.
13.
19.
Postage stamps, $55 (Office Supplies).
21.
Repair to office file cabinet lock, $60 (Miscellaneous Administrative Expense).
22.
Postage due on special delivery letter, $30 (Miscellaneous Administrative Expense).
24.
Express charges on merchandise sold, S85 (Delivery Expense).
30.
Office supplies, $14.
Jan. 31.
The cash sales for the day, according to the cash register records, totaled $4,550. The actual cash
received from cash sales was $4,536.
31.
Decreased the petty cash fund by $200.
Joumalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.
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