PR 8-2B Transactions for petty cash, cash short and over
Cedar Springs Company completed the following selected transactions during November 2012:
| Nov. 1. | Established a petty cash fund of $850. |
| 12. | The cash sales for the day, according to the cash register records, totaled $16,100. The actual cash received from cash sales was $16,175. |
| 30. | Petty cash on hand was $70. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: |
| Nov. 2. Store supplies, $100. | |
| 10. Express charges on merchandise purchased, $260 (Merchandise Inventory). | |
| 14. Office supplies, $125. | |
| 15. Office supplies, $80. | |
| 18. Postage stamps, $70 (Office Supplies). | |
| 20. Repair to fax, $35 (Miscellaneous Administrative Expense). | |
| 21. Repair to office door lock, $15 (Miscellaneous Administrative Expense). | |
| 22. Postage due on special delivery letter, $40 (Miscellaneous Administrative Expense). | |
| 28. Express charges on merchandise purchased, $40 ( Merchandise Inventory). | |
| 30. | The cash sales for the day, according to the cash register records, totaled$19,415. The actual cash received from cash sales was $19,350. |
| 30. | Increased the petty cash fund by $150. |
Instructions
Journalize the transactions.
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