Question

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 $860. 12. The cash sales for the day, according to the cash register records, totaled $13,184. The actual cash received from cash sales was $13,205. 30. Petty cash on hand was $65. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $95. June 10. Express charges on merchandise purchased, $138 (Merchandise Inventory). June 14. Office supplies, $60. June 15. Office supplies, $69. June 18. Postage stamps, $72 (Office Supplies). June 20. Repair to fax, $172 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $60 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $46 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $69 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $17,372. The actual cash received from cash sales was $17,346. 30. Increased the petty cash fund by $215. Required: Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. June 1 June 12 June 30-Replenish will be I n11 Iull III June 30-Sale June 30-Petty cash

Answer 1

Date	General Journal					Debit	Credit
1-Jun	Petty cash					860
	cash						860
12-Jun	Cash					13,205
	cash over and short						21
	sales						13,184
30-Jun	Store supplies					95
	Merchandise inventory					207
	Office supplies					201
	Misc Administrative expense					278
	Cash short and over					14
	Cash.						795
30-Jun	Cash					17,346
	cash over and short					26
	sales						17,372
30-Jun	petty cash					215
	cash						215