June Established a petty cash fund of $1,000. 1. 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. 12. Petty cash on hand was $46. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: 30. June 2. Store supplies, $375. Express charges on merchandise purchased, $105 (Inventory). 10. 14. Office supplies, $85. 15. Office supplies, $90. 18. Postage stamps, s33 (Office Supplies). Repair to fax, $ 100 (Miscellaneous Administrative Expense). Repair to office door lock, $25 (Miscellaneous Administrative Expense). 20. 21. Postage due on special delivery letter, $9 22. (Miscellaneous Administrative Expense). Express charges on merchandise purchased, $110 (Inventory). 28. The cash sales for the day, according to the cash register records, totaled $13,390. The actual cash received from cash 30. sales was $13,350. 30. Increased the petty cash fund by $200.

June Established a petty cash fund of $1,000. 1. 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. 12. Petty cash on hand was $46. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: 30. June 2. Store supplies, $375. Express charges on merchandise purchased, $105 (Inventory). 10. 14. Office supplies, $85. 15. Office supplies, $90. 18. Postage stamps, s33 (Office Supplies). Repair to fax, $ 100 (Miscellaneous Administrative Expense). Repair to office door lock, $25 (Miscellaneous Administrative Expense). 20. 21. Postage due on special delivery letter, $9 22. (Miscellaneous Administrative Expense). Express charges on merchandise purchased, $110 (Inventory). 28. The cash sales for the day, according to the cash register records, totaled $13,390. The actual cash received from cash 30. sales was $13,350. 30. Increased the petty cash fund by $200.

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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