On July 1, a petty cash fund was established for $100. The following vouchers were issued duringJuly:General JournalDate Voucher No.PurposeAmountHow does grading work?PAGE 1July 11office supplies$ 3.00GENERAL JOURNALScore: 53/97donation (Goodwill)15.00DATEACCOUNT TITLEPOST. REF.DEBITCREDIT5.3travel expenses5.001Jul. 3174postage due2.0028office supplies4.00L.Ortiz, Drawing320.0011postage due3.5015phone call5Miscellaneous Expense18.505.00218.travel expenses11.007259withdrawal by owner (L. Ortiz) 20.008Cash87.0026copier repair (miscellaneous)18.504)610

General Journal is prepared below

y 1, a petty cash fund was established for $100. The following vouchers were issued during General Journal Date Voucher No. Purpose Amount How does grading work? uly 1 1 office supplies $ 3.00 GENERAL JOURNAL 3 donation (Goodwill) 15.00 DATE ACCOUNT TITLE POST. REF. DEBIT 3 travel expenses 5.00 Jul. 31 7 4 postage due 2.00 2 8 office supplies LOrtiz, Drawing 4.00 3 20.00 11 6. postage due 3.50 4. 15 7. phone call 5 Miscellaneous Expense 18.50 5.00 21 travel expenses 11.00 25 6. withdrawal by owner (L. Ortiz) 20.00 Cash 26 10 copier repair (miscellaneous) 18.50

y 1, a petty cash fund was established for $100. The following vouchers were issued during General Journal Date Voucher No. Purpose Amount How does grading work? uly 1 1 office supplies $ 3.00 GENERAL JOURNAL 3 donation (Goodwill) 15.00 DATE ACCOUNT TITLE POST. REF. DEBIT 3 travel expenses 5.00 Jul. 31 7 4 postage due 2.00 2 8 office supplies LOrtiz, Drawing 4.00 3 20.00 11 6. postage due 3.50 4. 15 7. phone call 5 Miscellaneous Expense 18.50 5.00 21 travel expenses 11.00 25 6. withdrawal by owner (L. Ortiz) 20.00 Cash 26 10 copier repair (miscellaneous) 18.50

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 7E

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History Bookmarks Window AOL Mail (... eBook Q U Help Mail - Fait... Portal hos.. b. What is the amount recorded for the day's sales? How should the difference be recorded? of v2.cengagenow.com Chapter 5... Check My Work 10 more Check My Work uses remaining. should be recorded as Recording Cash Sales; Cash Over/Short The actual cash received from the day's cash sales was $14,346, and the amount indicated by the cash register total was $14,300. a. What is the amount deposited in the bank for the day's sales? d. If a cashier is consistently over or short, what action should be taken? C Cengage... MacBook Pro 8 JC 4+1 W Activity I... My Drive.. <₁ Save and Exit Sub