Cedar Springs Company completed the following selected transactions during June:

Cedar Springs Company completed the following selected transactions during June:

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.

 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. Store supplies, $375.

   10. Express charges on merchandise purchased, $105 (Merchandise Inventory).

   14. Office supplies, $85. 

   15. Office supplies, $90.

   18. Postage stamps, $33 (Office Supplies).

   20. Repair to fax, $100 (Miscellaneous Administrative Expense).

   21. Repair to office door lock, $25 (Miscellaneous Administrative Expense).

   22. Postage due on special delivery letter, $9 (Miscellaneous Administrative Expense).

   28. Express charges on merchandise purchased, $110 (Merchandise Inventory).

 30. The cash sales for the day, according to the cash register records, totaled $13,390. The actual cash received from cash sales was $13,350.

 30. Increased the petty cash fund by $200.

Instructions

Journalize the transactions.

Answer:

1 Petty Cash1,000

Cash1,000

12 Cash9,506

Cash Short and Over66

Sales9,440

30 Store Supplies375

Merchandise Inventory215

Office Supplies208

Miscellaneous Administrative Expense 134

Cash Short and Over22

Cash954

30 Cash13,350

Cash Short and Over40

Sales13,390

30 Petty Cash200

Cash200