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AssignmentMain.do?invoker assignments&takeAssignmentSessionLocator-assignment-take;öünprogress false eBook Show Me How Calculator Print Item Wyoming Restoration Company completed the following selected transactions during July 20Y1 July 1. Established a pety cash fund of $745 12. The cash sales for the day, according to the cash register records, totaled $12 987 The actual cash received from cash sales was $13.011 31. Pety cash on hand was $154. Replenished the petty cash fund for the foiowing disbursements, each evidenced by a petty cash receipt July 3 Store supplies $387 7. Express charges on merchandse sold, 534 Delivery Expense 9 Office supplies, $15 13 Office supplies, $28 19. Postage stamps, $12 (Office Supplies) 21. Repair to office tile cabinet lock $13 Miscelaneous Administrative Expense) 22 Postage dus on special delivery letter, 525 (Miscelaneous Administrative Expense) 24 Express charges on merchandise sold S5TDeivery Expense) 30 Office supplies $7 July 31. The cash sales for the day, according to the cash register records. totaled $19707 The actual cas received from cash sales was 319 669 1 Decreased the petty cesh fund by 310 Journal29 tne transact ons eer tohe Cnar of Accounts for exact noong or account tees DELL

Explanation / Answer

SOLUTION

Date Account titles and Explanation Debit ($) Credit ($) July 1 Petty Cash 745 Cash 745 July 12 Cash 13,011 Store supplies 12,987 Cash Short and Over 24 July 31 Store Supplies 387 Delivery Expense ($34 + $57) 91 Office Supplies ($15 + $28 + $12 + $7) 62 Miscellaneous Administrative Expense ($13 + $25) 38 Cash Short and Over 13 Cash ($745 - $154) 591 July 31 Cash 19,707 Cash short and over 38 Sales 19,669 July 31 Cash 105 Petty Cash 105

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