Business, 24.03.2020 05:23 treviam963

Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selected transactions during June:

June 1. Established a petty cash fund of $1,060.
12. The cash sales for the day, according to the cash register records, totaled $11,693. The actual cash received from cash sales was $11,719.
30. Petty cash on hand was $81. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:
June 2. Store supplies, $117.
June 10. Express charges on merchandise purchased, $170 (Merchandise Inventory).
June 14. Office supplies, $74.
June 15. Office supplies, $85.
June 18. Postage stamps, $89 (Office Supplies).
June 20. Repair to fax, $212 (Miscellaneous Administrative Expense).
June 21. Repair to office door lock, $74 (Miscellaneous Administrative Expense).
June 22. Postage due on special delivery letter, $57 (Miscellaneous Administrative Expense).
June 28. Express charges on merchandise purchased, $85 (Merchandise Inventory).
30. The cash sales for the day, according to the cash register records, totaled $16,669. The actual cash received from cash sales was $16,650.
30. Increased the petty cash fund by $265

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:10, 2xLaFlare

Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.

Answers: 1

continue

Business, 22.06.2019 01:00, Travon1418

Azster inc. recorded sales revenue for the year that ended december 31, 2014 as $67,000. interest revenue of $5,300 and expenses of $14,000 were also recorded for the same period. what is aster’s net profit or loss?

Answers: 3

continue

Business, 22.06.2019 11:00, littlesami105

Which ranks these careers that employers are most likely to hire from the least to the greatest?

Answers: 2

continue

Business, 22.06.2019 13:40, allytrujillo20oy0dib

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Answers: 1

continue

You know the right answer?

Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selec...