Jeremiah Restoration Company completed the following selected transactions during January:
Jan.
1. Established a petty cash fund 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, $470.
7. Express charges on merchandise sold, $55 (Delivery Expense).
9. Office supplies, $30.
13. Office supplies, $11.
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, $85 (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.
Instructions
Journalize the transactions.
Answer:
1 Petty Cash900
Cash900
12 Cash6,180
Cash Short and Over32
Sales6,148
31 Store Supplies470
Delivery Expense140
Office Supplies110
Miscellaneous Administrative Expense 90
Cash Short and Over15
Cash825
31 Cash4,536
Cash Short and Over14
Sales4,550
31 Cash200
Petty Cash200