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 $780.
12.	The cash sales for the day, according to the cash register records, totaled $14,482.
	The actual cash received from cash sales was $14,534.
30.	Petty cash on hand was $59. Replenished the petty cash fund for the following
	disbursements, each evidenced by a petty cash receipt:
	June   2. Store supplies, $86.
	June 10. Express charges on merchandise purchased, $125 (Merchandise Inventory).
	June 14. Office supplies, $55.
	June 15. Office supplies, $62.
	June 18. Postage stamps, $66 (Office Supplies).
	June 20. Repair to fax, $156 (Miscellaneous Administrative Expense).
	June 21. Repair to office door lock, $55 (Miscellaneous Administrative Expense).
	June 22. Postage due on special delivery letter, $42 (Miscellaneous Administrative Expense).
	June 28. Express charges on merchandise purchased, $62 (Merchandise Inventory).
30.	The cash sales for the day, according to the cash register records, totaled $23,228.
	The actual cash received from cash sales was $23,211.
30.	Increased the petty cash fund by $195.

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
June 30-Sale
June 30-Petty cash

Answer 1