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Transactions for Petty Cash, Cash Short and Over
Wyoming Restoration Company completed the following selected transactions during July 20Y1:
| July 1. | Established a petty cash fund of $570. |
| 12. | The cash sales for the day, according to the cash register records, totaled $13,209. |
| | The actual cash received from cash sales was $13,259. |
| 31. | Petty cash on hand was $43. Replenished the petty cash fund for the following |
| | disbursements, each evidenced by a petty cash receipt: |
| | July 3. Store supplies, $63. |
| | July 7. Express charges on merchandise sold, $91 (Delivery Expense). |
| | July 9. Office supplies, $40. |
| | July 13. Office supplies, $46. |
| | July 19. Postage stamps, $48 (Office Supplies). |
| | July 21. Repair to fax, $114 (Miscellaneous Administrative Expense). |
| | July 21. Repair to office file cabinet lock, $40 (Miscellaneous Administrative Expense). |
| | July 22. Postage due on special delivery letter, $31 (Miscellaneous Administrative Expense). |
| | July 24. Express charges on merchandise sold, $46 (Delivery Expense). |
| | July 30. Office supplies, $40. |
| 31. | The cash sales for the day, according to the cash register records, totaled $23,514. |
| | The actual cash received from cash sales was $23,481. |
| 31. | Decreased the petty cash fund by $143. |
Required:
Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.
| 20Y1, July 1 | | fill in the blank 2 | |
| | | | fill in the blank 4 |
| July 12 | | fill in the blank 6 | fill in the blank 7 |
| | | fill in the blank 9 | fill in the blank 10 |
| | | fill in the blank 12 | fill in the blank 13 |
| July 31-Replenish | | fill in the blank 15 | fill in the blank 16 |
| | | fill in the blank 18 | fill in the blank 19 |
| | | fill in the blank 21 | fill in the blank 22 |
| | | fill in the blank 24 | fill in the blank 25 |
| | | fill in the blank 27 | fill in the blank 28 |
| | | fill in the blank 30 | fill in the blank 31 |
| July 31-Sale | | fill in the blank 33 | fill in the blank 34 |
| | | fill in the blank 36 | fill in the blank 37 |
| | | fill in the blank 39 | fill in the blank 40 |
| July 31-Petty cash | | fill in the blank 42 | |
| | | | fill in the blank 44 |
Answer & Explanation
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