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Concept explainers
1.Journalize and
2.Complete the petty cash report by classifying each expense to compute the actual cash on hand.
3.Print the cash paymentsjournal and petty cash report.
The cash paymentsjournal and a petty cash report for Electronic Source are given in the Worlting Papers.
Instructions:
Use page 9 of a cash payments journa l tojourna lize the following transactions completed during September of the cun-ent year.Source documents are abbreviated as follows check,C;purchase invoice,P.Save your work to complete Problem 9-S.
Transactions: Sept
2.Paid cash for advertising, $125.00.C388.
5.Paid cash on account to Henson Audio, $2,489.00, covering P346,less 2% discount. C389.
8.Paid cash for heating bill, $240.00.C390 .
10.Paid cash on account to Peterson Electronics,$3,484.00 covering P349,less 2% discount.C391.
12.Paid cash for office supplies,$43.00.C392$.
15.Paid cash to KLP Mfg.for merchandise with a list price of $2,136.00. C393.
16.Purchased merchandise for cash from O'Brian Industries,$349.00. C394.
18.Paid cash on account to Atlanta Systems, $1,925.00, covering P348.No cash discount was offered. C39S.
21.Recorded the clirect withdrawal of credit card fees from the bank account,$300.00. M93.
23.Paid cash on account to Masonville Music, $659.00.No cash discount wasoffered.
30.Record the replenishment of the petty cash fund on September 30. C397.
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