Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1. Established a petty cash fund of $730. 12. The cash sales for the day, according to the cash register records, totaled $12,146. The actual cash received from cash sales was $12,171. 31. Petty cash on hand was $133. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: Jan. 3. Store supplies, $392. 7. Express charges on merchandise sold, $31 (Delivery Expense). 9. Office supplies, $19. 13. Office supplies, $20. 19. Postage stamps, $14 (Office Supplies). 21. Repair to office file cabinet lock, $13 (Miscellaneous Administrative Expense). 22. Postage due on special delivery letter, $30 (Miscellaneous Administrative Expense). 24. Express charges on merchandise sold, $51 (Delivery Expense). 30. Office supplies, $7. Jan. 31. The cash sales for the day, according to the cash register records, totaled $18,539. The actual cash received from cash sales was $18,503. 31. Decreased the petty cash fund by $90. Journalize the transactions.
Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1. Established a petty cash fund of $730. 12. The cash sales for the day, according to the cash register records, totaled $12,146. The actual cash received from cash sales was $12,171. 31. Petty cash on hand was $133. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: Jan. 3. Store supplies, $392. 7. Express charges on merchandise sold, $31 (Delivery Expense). 9. Office supplies, $19. 13. Office supplies, $20. 19. Postage stamps, $14 (Office Supplies). 21. Repair to office file cabinet lock, $13 (Miscellaneous Administrative Expense). 22. Postage due on special delivery letter, $30 (Miscellaneous Administrative Expense). 24. Express charges on merchandise sold, $51 (Delivery Expense). 30. Office supplies, $7. Jan. 31. The cash sales for the day, according to the cash register records, totaled $18,539. The actual cash received from cash sales was $18,503. 31. Decreased the petty cash fund by $90. Journalize the transactions.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 1PB: On June 1 French company has decided to initiate a petty cash fund in the amount of $800. Prepare...
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Jeremiah Restoration Company completed the following selected transactions during January:
Jan. 1. | Established a petty cash fund of $730. |
12. | The cash sales for the day, according to the cash register records, totaled $12,146. The actual cash received from cash sales was $12,171. |
31. | Petty cash on hand was $133. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: |
Jan. 3. | Store supplies, $392. |
7. | Express charges on merchandise sold, $31 (Delivery Expense). |
9. | Office supplies, $19. |
13. | Office supplies, $20. |
19. | Postage stamps, $14 (Office Supplies). |
21. | Repair to office file cabinet lock, $13 (Miscellaneous Administrative Expense). |
22. | Postage due on special delivery letter, $30 (Miscellaneous Administrative Expense). |
24. | Express charges on merchandise sold, $51 (Delivery Expense). |
30. | Office supplies, $7. |
Jan. 31. | The cash sales for the day, according to the cash register records, totaled $18,539. The actual cash received from cash sales was $18,503. |
31. | Decreased the petty cash fund by $90. |
Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.
X
Chart of Accounts
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