Cadar Springs Company completed the following selected transactions during JuneJune 1. Established a petty cash fund of $930.12. The cash sales for the day, according to the cash register records, totaled $13,156.The actual cash received from cash sales was $13,211.30. Putty cash on hand was $71. Replenished the petty cash fund for the followingdisbursements, each evidenced by a petty cash receipt:June 2. Store supplies, $102.June 10. Express charges on merchandise purchased, $149 (Merchandise Inventory).June 14. Office supplies, $65.June 15. Office supplies, $74.June 18. Postage stamps, $78 (Office Supplies).June 12June 20. Repair to fax, $186 (Miscellaneous Administrative Expense).June 21. Repair to office door lock, $65 (Miscellaneous Administrative Expense).June 22. Postage due on special delivery letter, $50 (Miscellaneous Administrative Expense).June 28. Express charges on merchandise purchased, $74 (Merchandise Inventory).30. The cash sales for the day, according to the cash register records, totaled $21,199.The actual cash received from cash sales was $21,171.30. Increased the petty cash fund by $233.Required:Journalize the transactions. If an amount box does not require an entry, leave it blank.June 1June 30-ReplenishJune 30-SaleJune 30-Petty cash0000

Journal entries: Date General Journal Debit Credit June 1 Petty Cash $930 Cash…

June 1. Established a petty cash fund of $9.30. 12. The cash sales for the day, according to the cash register records, totaled $13,156. The actual cash received from cash sales was $13,211. 30. Putty cash on hand was $71. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt June 2. Store supplies, $102. June 10. Express charges on merchandise purchased, $140 (Marchandise Inventory). June 14, Office supplies, $65. June 15, Office supples, $74. June 18. Postage stamps, $78 (Office Supplies). June 20. Repair to fax, $186 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $65 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery litter, $50 (Miscellaneous Administrative Expense June 28. Express charges on merchandise purchased, $74 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $21,100. The actual cash received from cash sales was $21,171. 30. Increased the petty cash fund by $233.

June 1. Established a petty cash fund of $9.30. 12. The cash sales for the day, according to the cash register records, totaled $13,156. The actual cash received from cash sales was $13,211. 30. Putty cash on hand was $71. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt June 2. Store supplies, $102. June 10. Express charges on merchandise purchased, $140 (Marchandise Inventory). June 14, Office supplies, $65. June 15, Office supples, $74. June 18. Postage stamps, $78 (Office Supplies). June 20. Repair to fax, $186 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $65 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery litter, $50 (Miscellaneous Administrative Expense June 28. Express charges on merchandise purchased, $74 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $21,100. The actual cash received from cash sales was $21,171. 30. Increased the petty cash fund by $233.

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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Man
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