Jan. Established a petty cash fund of $900. 1. The cash sales for the day, according to the cash register records, 12. totaled $6,148. The actual cash received from cash sales was $6,180. Petty cash on hand was $75. Replenished the petty cash fund for 31. the following disbursements, each evidenced by a petty cash receipt: Jan. Store supplies, $470. 3. 7. Express charges on merchandise sold, $55 (Delivery Expense). 9. Office supplies, $30. 13. Office supplies, $11. 19. Postage stamps, $55 (Office Supplies). Repair to office file cabinet lock, $60 (Miscellaneous 21. Administrative Expense). Postage due on special delivery letter, $30 (Miscellaneous 22. Administrative Expense). 24. Express charges on merchandise sold, $85 (Delivery Expense). 30. Office supplies, $14. The cash sales for the day, according to the cash register records, Jan. totaled $4,550. The actual cash received from cash sales was 31. $4,536. 31. Decreased the petty cash fund by $200.
Jan. Established a petty cash fund of $900. 1. The cash sales for the day, according to the cash register records, 12. totaled $6,148. The actual cash received from cash sales was $6,180. Petty cash on hand was $75. Replenished the petty cash fund for 31. the following disbursements, each evidenced by a petty cash receipt: Jan. Store supplies, $470. 3. 7. Express charges on merchandise sold, $55 (Delivery Expense). 9. Office supplies, $30. 13. Office supplies, $11. 19. Postage stamps, $55 (Office Supplies). Repair to office file cabinet lock, $60 (Miscellaneous 21. Administrative Expense). Postage due on special delivery letter, $30 (Miscellaneous 22. Administrative Expense). 24. Express charges on merchandise sold, $85 (Delivery Expense). 30. Office supplies, $14. The cash sales for the day, according to the cash register records, Jan. totaled $4,550. The actual cash received from cash sales was 31. $4,536. 31. Decreased the petty cash fund by $200.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transactions for petty cash, cash short and over
Jeremiah Restoration Company completed the following selected
transactions during January:
Instructions
Journalize the transactions
![Jan.
Established a petty cash fund of $900.
1.
The cash sales for the day, according to the cash register records,
12. totaled $6,148. The actual cash received from cash sales was
$6,180.
Petty cash on hand was $75. Replenished the petty cash fund for
31. the following disbursements, each evidenced by a petty cash
receipt:
Jan.
Store supplies, $470.
3.
7.
Express charges on merchandise sold, $55 (Delivery Expense).
9.
Office supplies, $30.
13.
Office supplies, $11.
19. Postage stamps, $55 (Office Supplies).
Repair to office file cabinet lock, $60 (Miscellaneous
21.
Administrative Expense).
Postage due on special delivery letter, $30 (Miscellaneous
22.
Administrative Expense).
24. Express charges on merchandise sold, $85 (Delivery Expense).
30. Office supplies, $14.
The cash sales for the day, according to the cash register records,
Jan.
totaled $4,550. The actual cash received from cash sales was
31.
$4,536.
31.
Decreased the petty cash fund by $200.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7e90358d-1218-4bb0-8ae5-cc5a1fe9367c%2Fad3085b7-8214-4232-ad78-6cf9d885be86%2Fhs78mob_processed.png&w=3840&q=75)
Transcribed Image Text:Jan.
Established a petty cash fund of $900.
1.
The cash sales for the day, according to the cash register records,
12. totaled $6,148. The actual cash received from cash sales was
$6,180.
Petty cash on hand was $75. Replenished the petty cash fund for
31. the following disbursements, each evidenced by a petty cash
receipt:
Jan.
Store supplies, $470.
3.
7.
Express charges on merchandise sold, $55 (Delivery Expense).
9.
Office supplies, $30.
13.
Office supplies, $11.
19. Postage stamps, $55 (Office Supplies).
Repair to office file cabinet lock, $60 (Miscellaneous
21.
Administrative Expense).
Postage due on special delivery letter, $30 (Miscellaneous
22.
Administrative Expense).
24. Express charges on merchandise sold, $85 (Delivery Expense).
30. Office supplies, $14.
The cash sales for the day, according to the cash register records,
Jan.
totaled $4,550. The actual cash received from cash sales was
31.
$4,536.
31.
Decreased the petty cash fund by $200.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education