PR 8-2B Transactions for petty cash, cash short and over
Cedar Springs Company completed the following selected transactions during November 2012:
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Nov. 1. |
Established a petty cash fund of $850. |
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12. |
The cash sales for the day, according to the cash register records, totaled $16,100. The actual cash received from cash sales was $16,175. |
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30. |
Petty cash on hand was $70. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: |
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Nov. 2. Store supplies, $100. |
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10. Express charges on merchandise purchased, $260 (Merchandise Inventory). |
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14. Office supplies, $125. |
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15. Office supplies, $80. |
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18. Postage stamps, $70 (Office Supplies). |
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20. Repair to fax, $35 (Miscellaneous Administrative Expense). |
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21. Repair to office door lock, $15 (Miscellaneous Administrative Expense). |
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22. Postage due on special delivery letter, $40 (Miscellaneous Administrative Expense). |
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28. Express charges on merchandise purchased, $40 ( Merchandise Inventory). |
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30. |
The cash sales for the day, according to the cash register records, totaled$19,415. The actual cash received from cash sales was $19,350. |
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30. |
Increased the petty cash fund by $150. |
Instructions
Journalize the transactions.