Business, 10.04.2020 20:55 kayleahrayne

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
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Wyoming Restoration Company completed the following selected transactions during July 20Y1:

July 1. Established a petty cash fund of $1,100.
12. The cash sales for the day, according to the cash register records, totaled $8,192. The actual cash received from cash sales was $8,220.
31. Petty cash on hand was $47. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:
July 3. Store supplies, $580.
7. Express charges on merchandise sold, $90 (Delivery Expense).
9. Office supplies, $30.
13. Office supplies, $35.
19. Postage stamps, $50 (Office Supplies).
21. Repair to office file cabinet lock, $60 (Miscellaneous Administrative Expense).
22. Postage due on special delivery letter, $28 (Miscellaneous Administrative Expense).
24. Express charges on merchandise sold, $135 (Delivery Expense).
30. Office supplies, $25.
July 31. The cash sales for the day, according to the cash register records, totaled $10,241. The actual cash received from cash sales was $10,232.
31. Decreased the petty cash fund by $150.
Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.

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Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.

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