Halllihan Company completed the following selected transsation during june 2010

Question

Halllihan Company completed the following selected transsation during june 2010
June 1. established a petty cash fund of $500
12.the cash.for the day according to the cash register records,totaled$13,115
the actual cash received from cash sales was$13,129
30.petty cash on hand was $38.reprenihed the petty cash fund for the following disburssements each evidenced by a petty cash receipt.
June 2. store supply $55.
10.express charge on merchandise purchased.$80(merchandise inventory)
14.office supplies.$35
15.office supplies.$40
18.postage stamps .$42 ( office supplies)
20.RE(PAIR TO FAX,$100.(Miscelaneous admnistractived expenses)
21.Repair to office door lock,$35.(Miscelaneous admnistractived expenses)
22.Postage due on special delivery letter,$27.(Miscelaneous admnistractived expenses)
28.Expres charges on mecharndise purchrsed,$40(merchandise inventory

30.the cash sales for the day,according to the cah register records
totaled$16,850 .
the actual cash received from cash sales was $16,833
30.increased the petty cashfund by $125

Instructions journalize the transations

Explanation / Answer

1. DR Petty Cash 500 CR Cash 500 2. DR Cash 13,129 CR Cash Over and Short 14 CR Sales 13,115 3. DR Store Supply 55 DR Office Supplies Expense 117 DR Misc Admin Expense 162 DR Merchandise Inventory 120 DR Cash Over and Short 8 CR Cash 462 4. DR Cash 16,833 DR Cash Over and Short 17 CR Sales 16,850 5. DR Petty Cash 125 CR Cash 125

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