Obj. 3 PR 7-2A Transactions for petty cash, cash short and over Wyoming Restoration Company completed the following selected transactions during July 20Y1 July 1. Established a petty cash fund of $1,100. 12. The cash sales for the day, according to the cash register records, totaled $8,192. The actual cash received from cash sales was $8,220. ATE 31. Petty cash on hand was $47. Replenished the petty cash fund for the following disbursements, each evi- denced by a petty cash receipt: July 3. Store supplies, $580. 7. Express charges on merchandise sold, $90 (Delivery Expense). 9. Office supplies, $30. 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. 31. The cash sales for the day, according to the cash register records, totaled $10,241. The actual cash received from cash sales was $10,232. 31. Decreased the petty cash fund by $150.
Obj. 3 PR 7-2A Transactions for petty cash, cash short and over Wyoming Restoration Company completed the following selected transactions during July 20Y1 July 1. Established a petty cash fund of $1,100. 12. The cash sales for the day, according to the cash register records, totaled $8,192. The actual cash received from cash sales was $8,220. ATE 31. Petty cash on hand was $47. Replenished the petty cash fund for the following disbursements, each evi- denced by a petty cash receipt: July 3. Store supplies, $580. 7. Express charges on merchandise sold, $90 (Delivery Expense). 9. Office supplies, $30. 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. 31. The cash sales for the day, according to the cash register records, totaled $10,241. The actual cash received from cash sales was $10,232. 31. Decreased the petty cash fund by $150.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:386
Chapter 7 Internal Control and Cash
Obj. 3, 6
(X)
PR 7-2A Transactions for petty cash, cash short and over
Wyoming Restoration Company completed the following selected transactions during July 20Y1:
SHOW ME HOW EXCEL TEMPLATE
July 1. Established a petty cash fund of $1,100.
12. The cash sales for the day, according to the cash register records, totaled $8,192. The actual cash received
from cash sales was $8,220.
31. Petty cash on hand was $47. Replenished the petty cash fund for the following disbursements, each evi-
denced by a petty cash receipt:
July 3. Store supplies, $580.
7. Express charges on merchandise sold, $90 (Delivery Expense).
9. Office supplies, $30.
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.
31. The cash sales for the day, according to the cash register records, totaled $10,241.
The actual cash received from cash sales was $10,232.
31. Decreased the petty cash fund by $150.
Instructions
Journalize the transactions.
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