July Established a petty cash fund of $1,100. 1. The cash sales for the day, according to the cash register records, |12. totaled $8,192. The actual cash received from cash sales was $8,220. Petty cash on hand was $47. Replenished the petty cash fund for 31. the following disbursements, each evidenced by a petty cash receipt: July Store supplies, $580. 3 Express charges on merchandise sold, $90 (Delivery 7. Expense). 9. Office supplies, $30. 13. Office supplies, $35. 19. Postage stamps, $50 (Office Supplies). Repair to office file cabinet lock, $60 (Miscellaneous 21. Administrative Expense). Postage due on special delivery letter, $28 (Miscellaneous 23. Administrative Expense). Express charges on merchandise sold, $135 (Delivery 24. Expense). 30. Office supplies, $25. The cash sales for the day, according to the cash register records, 31. totaled $10,241. The actual cash received from cash sales was $10,232. 31. Decreased the petty cash fund by $ 150.

July Established a petty cash fund of $1,100. 1. The cash sales for the day, according to the cash register records, |12. totaled $8,192. The actual cash received from cash sales was $8,220. Petty cash on hand was $47. Replenished the petty cash fund for 31. the following disbursements, each evidenced by a petty cash receipt: July Store supplies, $580. 3 Express charges on merchandise sold, $90 (Delivery 7. Expense). 9. Office supplies, $30. 13. Office supplies, $35. 19. Postage stamps, $50 (Office Supplies). Repair to office file cabinet lock, $60 (Miscellaneous 21. Administrative Expense). Postage due on special delivery letter, $28 (Miscellaneous 23. Administrative Expense). Express charges on merchandise sold, $135 (Delivery 24. Expense). 30. Office supplies, $25. The cash sales for the day, according to the cash register records, 31. totaled $10,241. The actual cash received from cash sales was $10,232. 31. Decreased the petty cash fund by $ 150.

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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Transactions for petty cash, cash short and over Jeremiah Restoration Company completed the following selected transactions during January:
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