PR 8-2A Transactions for petty cash, cash short and over
Picasso Restoration Company completed the following selected transactions during August 2012:
| Aug. 1. | Established a petty cash fund of $750. |
| 10. | The cash sales for the day, according to the cash register records, totaled 9,780. The actual cash received from cash sales was $9,800. |
| 31. | Petty cash on hand was $240. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: |
| Aug. 3. Store supplies, $251. | |
| 7. Express charges on merchandise sold, $60 (Delivery Expense). | |
| 9. Office ce supplies, $20. | |
| 13. Office ce supplies, $30. | |
| 19. Postage stamps, $11 (Office ce Supplies). | |
| 21. Repair to office ce fi le cabinet lock, $40 (Miscellaneous Administrative Expense). | |
| Aug. 22. Postage due on special delivery letter, $18 (Miscellaneous Administrative Expense). | |
| 24. Express charges on merchandise sold, $50 (Delivery Expense). | |
| 30. Office ce supplies, $15. | |
| 31. | The cash sales for the day, according to the cash register records, totaled $11,200. The actual cash received from cash sales was $11,130. |
| 31. | Decreased the petty cash fund by $100. |
Instructions
Journalize the transactions.
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