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Transactions for Petty Cash, Cash Short and Over
Cedar Springs Company completed the following selected transactions during June:
| June 1. | Established a petty cash fund of $1,330. |
| 12. | The cash sales for the day, according to the cash register records, totaled $14,359. |
| | The actual cash received from cash sales was $14,402. |
| 30. | Petty cash on hand was $101. Replenished the petty cash fund for the following |
| | disbursements, each evidenced by a petty cash receipt: |
| | June 2. Store supplies, $146. |
| | June 10. Express charges on merchandise purchased, $213 (Merchandise Inventory). |
| | June 14. Office supplies, $93. |
| | June 15. Office supplies, $106. |
| | June 18. Postage stamps, $112 (Office Supplies). |
| | June 20. Repair to fax, $266 (Miscellaneous Administrative Expense). |
| | June 21. Repair to office door lock, $93 (Miscellaneous Administrative Expense). |
| | June 22. Postage due on special delivery letter, $72 (Miscellaneous Administrative Expense). |
| | June 28. Express charges on merchandise purchased, $106 (Merchandise Inventory). |
| 30. | The cash sales for the day, according to the cash register records, totaled $22,332. |
| | The actual cash received from cash sales was $22,294. |
| 30. | Increased the petty cash fund by $333. |
Required:
Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.
| June 1 | | | |
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| June 12 | | | |
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| June 30-Replenish | | | |
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| June 30-Sale | | | |
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| June 30-Petty cash | | | |
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Answer & Explanation
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