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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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