Accounting 1 PR8-3B

Anonymous
timer Asked: Sep 6th, 2018

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PR 8-2b Transactions for petty cash, cash short and over ObJ. 3, 6 Cedar Springs Company completed the following selected transactions during June 2016: June 1. Established a petty cash fund of $1,000. 12. The cash sales for the day, according to the cash register records, totaled $9,440. The actual cash received from cash sales was $9,506. SHOW ME HOW 1. Adjusted balance: $24,305 General Ledger SHOW ME HOW 30. 30. 30. Petty cash on hand was $46. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. 10. 14. 15. 18. 20. 21. 22. 28. Store supplies, $375. Express charges on merchandise purchased, $105 (Merchandise Inventory). Office supplies, $85. Office supplies, $90. Postage stamps, $33 (Office Supplies). Repair to fax, $100 (Miscellaneous Administrative Expense). Repair to office door lock, $25 (Miscellaneous Administrative Expense). Postage due on special delivery letter, $9 (Miscellaneous Administrative Expense). Expresschargesonmerchandisepurchased,$110(MerchandiseInventory). The cash $13,390. The actual cash received from cash sales was $13,350. sales for the day, according to the cash register records, totaled Increased the petty cash fund by $200.

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