90.2K

Verified Solution

Link Copied!

CASH SHORT & OVER Refer to the chart of counts shown below for the act accounts to be used the following transactions in the two-column o cated on the Dom and each of t os e CHART OF ACCOUNTS Laura's Closet REVENUE ASSETS 111 Cash 112 Putty cash 115 Change Fund 120 Account Reca Merchandise A 151 161 m 171 LIABILITIES 211 Accounts Payable Cash Short & Over Postagens Ban Claros Uwe Day OWNERS EQUITY 311 L Gothar, Capital 312 L Gathar, With Transactions May Eas y for $300, Checka 2 May 1 Establish the change fund for $100. Check 3 May 1 At the end of the day, the cash regster indicated that totala counted, the cash in the register was $997.52. The cash in the S SO Once dudes the charge und May 2 At the end of the day, the cash regster indicated that total cash counted, the cash in the repster was $499.42. The cash in the re were $3942 Once duces the charge fund May At the end of the day, the cash regster indicated that total cash counted, the cash in the register was $863.35. The cash in the 576535. Once endudes the change fund Laura's Closet received a check for sales on account from Smith Company The for $1,444.34 Smith Company's account had outstanding balance of hort & Over to b e the payment 734 was cash May 31 cash Create the entry to replenish petty cash using the following information from the payments record and Checke 10: Delivery sense. 22: Telephone 7 25. pen, 525 GENERAL JOURNAL Account desertion

Answer & Explanation Solved by verified expert

See Answer