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.
Answers:
2014
June 1 Petty Cash 1,000
Cash 1,000
12 Cash 9,506
Cash Short and Over 66
Sales 9,440
30 Store Supplies 375
Merchandise Inventory 215
Office Supplies 208
Miscellaneous Administrative Expense 134
Cash Short and Over 22
Cash 954
30 Cash 13,350
Cash Short and Over 40
Sales 13,390
30 Petty Cash 200
Cash 200