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PR 8-2A Transactions for petty cash, cash short and overPicasso Restoration Company completed the following selected transactions during August 2012:Aug. 1. Established a petty cash fund of $750.10. The cash sales for the day, according to the cash register records, totaled $9,780. The actual cash received from cash sales was $9,800.31. Petty cash on hand was $240. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:Aug. 3. Store supplies, $251.7. Express charges on merchandise sold, $60 (Delivery Expense).9. Office supplies, $20.13. Office supplies, $30.19. Postage stamps, $11 (Office Supplies).21. Repair to office fi le cabinet lock, $40 (Miscellaneous Administrative Expense).Aug. 22. Postage due on special delivery letter, $18 (Miscellaneous Administrative Expense).24. Express charges on merchandise sold, $50 (Delivery Expense).30. Office supplies, $15.31. The cash sales for the day, according to the cash register records, totaled $11,200. The actual cash received from cash sales was $11,130.31. Decreased the petty cash fund by $100.InstructionsJournalize the transactions.
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