Question - Transactions for petty cash, cash short and over
Hallihan Company completed the following selected transactions during June 2010:
June 1. Established a petty cash fund of $1,310.
June 12. The cash sales for the day, according to the cash register records, totaled $12,519. The actual cash received from cash sales was $12,533.
June 30. Petty cash on hand was $100. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:
June 2. Store supplies, $144.
June 10. Express charges on merchandise purchased,$210 (Merchandise Inventory).
June 14. Office supplies, $92.
June 15. Office supplies, $105.
June 18. Postage stamps, $110 (Office Supplies).
June 20. Repair to fax, $262 (Miscellaneous Administrative Expense).
June 21. Repair to office door lock, $92 (Miscellaneous Administrative Expense).
June 22. Postage due on special delivery letter, $71 (Miscellaneous Administrative Expense).
June 28. Express charges on merchandise purchased,$105 (Merchandise Inventory).
June 30. The cash sales for the day, according to the cash register records, totaled $19,241. The actual cash received from cash sales was $19,189.
June 30. Increased the petty cash fund by $328.
Journalize the transactions. For reconciliation transactions, entries should be made in chronological order of account creation from receipts. If a box does not require an entry, leave it blank.