Petty cash book transactions in Prime books entries? JulyEstablished a petty cash fund of $1,100.1.The cash sales for the day, according to the cash register records, totaled $8,192. The actual cash received from cash12.sales was $8,220.Petty cash on hand was $47. Replenished the petty cash fund for the following disbursements, each evidenced by a31.petty cash receipt:July 3. Store supplies, $580.Express charges on merchandise sold, $90 (Delivery Expense).Office supplies, $30.7.9.13.Office supplies, $35.19.Postage stamps, $50 (Office Supplies).21.Repair to office file cabinet lock, $60 (Miscellaneous Administrative Expense).22.Postage due on special delivery letter, $28 (Miscellaneous Administrative Expense).24.Express charges on merchandise sold, $135 (Delivery Expense).30.Office supplies, $25.July The cash sales for the day, according to the cash register records, totaled $10,241. The actual cash received from31.cash sales was $10,232.31.Decreased the petty cash fund by $150.

Introduction:- The process of documenting or taking note of any financial or non-financial action is…

Answered: July Established a petty cash fund of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Petty cash book transactions in Prime books entries?

July
Established a petty cash fund of $1,100.
1.
The cash sales for the day, according to the cash register records, totaled $8,192. The actual cash received from cash
12.
sales was $8,220.
Petty cash on hand was $47. Replenished the petty cash fund for the following disbursements, each evidenced by a
31.
petty cash receipt:
July 3. Store supplies, $580.
Express charges on merchandise sold, $90 (Delivery Expense).
Office supplies, $30.
7.
9.
13.
Office supplies, $35.
19.
Postage stamps, $50 (Office Supplies).
21.
Repair to office file cabinet lock, $60 (Miscellaneous Administrative Expense).
22.
Postage due on special delivery letter, $28 (Miscellaneous Administrative Expense).
24.
Express charges on merchandise sold, $135 (Delivery Expense).
30.
Office supplies, $25.
July The cash sales for the day, according to the cash register records, totaled $10,241. The actual cash received from
31.
cash sales was $10,232.
31.
Decreased the petty cash fund by $150.

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

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