Cedar Springs Company completed the following selected transactions during June:
June
1. Established a petty cash fund of $1,000.
12. The cash sales for the day, according to the cash register records, totaled $9,440. The actual cash received from cash sales was $9,506.
30. Petty cash on hand was $46. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:
June
2. Store supplies, $375.
10. Express charges on merchandise purchased, $105 (Merchandise Inventory).
14. Office supplies, $85.
15. Office supplies, $90.
18. Postage stamps, $33 (Office Supplies).
20. Repair to fax, $100 (Miscellaneous Administrative Expense).
21. Repair to office door lock, $25 (Miscellaneous Administrative Expense).
22. Postage due on special delivery letter, $9 (Miscellaneous Administrative Expense).
28. Express charges on merchandise purchased, $110 (Merchandise Inventory).
30. The cash sales for the day, according to the cash register records, totaled $13,390. The actual cash received from cash sales was $13,350.
30. Increased the petty cash fund by $200.
Instructions
Journalize the transactions.
Answer:
1 Petty Cash1,000
Cash1,000
12 Cash9,506
Cash Short and Over66
Sales9,440
30 Store Supplies375
Merchandise Inventory215
Office Supplies208
Miscellaneous Administrative Expense 134
Cash Short and Over22
Cash954
30 Cash13,350
Cash Short and Over40
Sales13,390
30 Petty Cash200
Cash200