Prepare journal entries for the above transactions. If an amount box does not require an entry, leave it blank.
On June 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,300.
A. On June 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $368, Postage Expense $325, Repairs and Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $138.
B. On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $420, Supplies $90, Postage Expense $260, Repairs and Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $170.
C. On June 23, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $252, Supplies $188, Postage Expense $263, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $192.
D. On June 29, the company determined that the petty cash fund needed to be decreased to $1,000.
E. On June 30, the petty cash fund needed replenishment as it was month-end. The following are the receipts: Auto Expense $114, Supplies $80, Postage Expense $50, Repairs and Maintenance Expense $121, Miscellaneous Expense $39. The cash on hand at this time was $598.
Prepare
| June 5 |
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Auto Expense | Auto Expense |
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Supplies | Supplies | |
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Postage Expense | Postage Expense | |
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Repairs and Maintenance Expense | Repairs and Maintenance Expense | |
|
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Miscellaneous Expense | Miscellaneous Expense | |
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Cash Over and Short | Cash Over and Short | |
|
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Cash | Cash | |
| June 14 |
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Auto Expense | Auto Expense |
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Supplies | Supplies | |
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Postage Expense | Postage Expense | |
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Repairs and Maintenance Expense | Repairs and Maintenance Expense | |
|
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Miscellaneous Expense | Miscellaneous Expense | |
|
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Cash Over and Short | Cash Over and Short | |
|
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Cash | Cash | |
| June 23 |
|
Auto Expense | Auto Expense |
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Supplies | Supplies | |
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Postage Expense | Postage Expense | |
|
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Repairs and Maintenance Expense | Repairs and Maintenance Expense | |
|
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Miscellaneous Expense | Miscellaneous Expense | |
|
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Cash Over and Short | Cash Over and Short | |
|
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Cash | Cash | |
| June 29 |
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Cash | Cash |
|
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Petty Cash | Petty Cash | |
| June 30 |
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Auto Expense | Auto Expense |
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Supplies | Supplies | |
|
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Postage Expense | Postage Expense | |
|
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Repairs and Maintenance Expense | Repairs and Maintenance Expense | |
|
|
Miscellaneous Expense | Miscellaneous Expense | |
|
|
Cash Over and Short | Cash Over and Short | |
|
|
Cash | Cash |
Please include a detailed solution and description or Cash Over/Short as this is REQUIRED for cengage. Thanks.
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