Arial ▼ 10 Α Α = = = ab Paste BIU Open recovered workbooks? Your recent changes were saved. Do you want to continue wo Subscription Required to Edit and Save Start your free one month trial of Microsoft 365 or E33 fx A B C D 1 PR 7-2B Transactions for Petty Cash, Cash Short and Over 2 E 3 Cedar Springs Company completed the following selected transactions during June 20Y3: 4 5 June 1 12 LO 6 7 30 8 June 9 10 11 12 13 14 15 16 30 17 18 30 19 Established a petty cash fund of $1,000. 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. Petty cash on hand was $46. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: 2 Store supplies, $375. 10 Express charges on merchandise purchased, $105 (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 (Inventory). 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. Increased the petty cash fund by $200. 20 INSTRUCTIONS 21 Joumalize the transactions. 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Ready Pr. 7-2B Problem Accessibility: Investigate 120 30.860 Pr. 7-2B Format Pr. 7-5B Problem Pr. 7-5B format APR 14 tv♫ N

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Arial
▼ 10
Α Α
= = =
ab
Paste
BIU
Open recovered workbooks? Your recent changes were saved. Do you want to continue wo
Subscription Required to Edit and Save Start your free one month trial of Microsoft 365 or
E33
fx
A B C D
1 PR 7-2B Transactions for Petty Cash, Cash Short and Over
2
E
3 Cedar Springs Company completed the following selected transactions during June 20Y3:
4
5 June 1
12
LO
6
7
30
8
June
9
10
11
12
13
14
15
16
30
17
18
30
19
Established a petty cash fund of $1,000.
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.
Petty cash on hand was $46. Replenished the petty cash fund for the following disbursements,
each evidenced by a petty cash receipt:
2 Store supplies, $375.
10 Express charges on merchandise purchased, $105 (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 (Inventory).
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.
Increased the petty cash fund by $200.
20 INSTRUCTIONS
21 Joumalize the transactions.
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
Ready
Pr. 7-2B Problem
Accessibility: Investigate
120
30.860
Pr. 7-2B Format
Pr. 7-5B Problem
Pr. 7-5B format
APR
14
tv♫
N
Transcribed Image Text:Arial ▼ 10 Α Α = = = ab Paste BIU Open recovered workbooks? Your recent changes were saved. Do you want to continue wo Subscription Required to Edit and Save Start your free one month trial of Microsoft 365 or E33 fx A B C D 1 PR 7-2B Transactions for Petty Cash, Cash Short and Over 2 E 3 Cedar Springs Company completed the following selected transactions during June 20Y3: 4 5 June 1 12 LO 6 7 30 8 June 9 10 11 12 13 14 15 16 30 17 18 30 19 Established a petty cash fund of $1,000. 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. Petty cash on hand was $46. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: 2 Store supplies, $375. 10 Express charges on merchandise purchased, $105 (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 (Inventory). 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. Increased the petty cash fund by $200. 20 INSTRUCTIONS 21 Joumalize the transactions. 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Ready Pr. 7-2B Problem Accessibility: Investigate 120 30.860 Pr. 7-2B Format Pr. 7-5B Problem Pr. 7-5B format APR 14 tv♫ N
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