Question

Transactions for Petty Cash, Cash Short and Over

Wyoming Restoration Company completed the following selected transactions during July 20Y1:

July 1.	Established a petty cash fund of $1,020.
12.	The cash sales for the day, according to the cash register records, totaled $12,766.
	The actual cash received from cash sales was $12,798.
31.	Petty cash on hand was $78. Replenished the petty cash fund for the following
	disbursements, each evidenced by a petty cash receipt:
	July 3. Store supplies, $112.
	July 7. Express charges on merchandise sold, $163 (Delivery Expense).
	July 9. Office supplies, $71.
	July 13. Office supplies, $82.
	July 19. Postage stamps, $86 (Office Supplies).
	July 21. Repair to fax, $204 (Miscellaneous Administrative Expense).
	July 21. Repair to office file cabinet lock, $71 (Miscellaneous Administrative Expense).
	July 22. Postage due on special delivery letter, $55 (Miscellaneous Administrative Expense).
	July 24. Express charges on merchandise sold, $82 (Delivery Expense).
	July 30. Office supplies, $30.
31.	The cash sales for the day, according to the cash register records, totaled $18,455.
	The actual cash received from cash sales was $18,420.
31.	Decreased the petty cash fund by $255.

Required:

Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.

20Y1, July 1
July 12
July 31-Replenish
July 31-Sale
July 31-Petty cash

Answer 1