Florences Florals a retail business started a 250 petty cash

Florence\'s Florals, a retail business, started a $250 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30 DATE TRANSACTIONS June Issued Check 550 for $250 to establish a petty cash fund. 5 Paid $30 from the petty cash fund for office supplies, Petty Cash 8 Paid $31 from the petty cash fund for postage stamps, Petty Cash 15 Paid $18 from the petty cash fund for delivery service, Petty Cash 22 Paid $40 from the petty cash fund to the owner, Rosa Calderon, for 25 Paid $30 from the petty cash fund to have the store windows washed, 29 Paid $47 from the petty cash fund for delivery service, Petty Cash 30 Issued Check 590 for $196 to replenish the petty cash fund. Voucher Voucher 2. Voucher 3. her personal use, Petty Cash Voucher 4 Petty Cash Voucher 5 Voucher 6 Required: 1. Record the transaction to establish the petty cash fund on June 1 in a general journal 2. Record all transactions on a petty cash analysis sheet. 3. Record the transaction to replenish the petty cash fund on June 30 in the general journal Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. June 01 Entry Analysis Petty Caslh June 30 Entry Analyze Record the transaction to establish the petty cash fund on June 1 in a general journal View transaction list Journal entry worksheet

Solution

June 01 Entry

Jun 30 Entry

Analyse

Total Payments from Petty Cash Fund = $196

Jun-01	Petty Cash Fund	250
	To Cash		250