(Solution) - Baker s Restoration Company completed the following selected transactions during March -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Paper Details

Baker?s Restoration Company completed the following selected transactions during March 2015:
Mar. 1. Established a petty cash fund of $700.
10. The cash sales for the day, according to the cash register records, totalled $13,427. The actual cash received from cash sales was $13,592.
31. Petty cash on hand was $93. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:
Mar. 3. Store supplies, $175.
7. Express charges on merchandise sold, $220 (Delivery Expense).
9. Office supplies, $15.
13. Office supplies, $16.
19. Postage stamps, $15 (Office Supplies).
21. Repair to office file cabinet lock, $35 (Miscellaneous Administrative Expense).
22. Postage due on special delivery letter, $18 (Miscellaneous Administrative Expense).
24. Express charges on merchandise sold, $97 (Delivery Expense).
30. Office supplies, $9.
31. The cash sales for the day, according to the cash register records, totalled $15,720. The actual cash received from cash sales was $15,717.
31. Decreased the petty cash fund by $50.
Instructions
Journalize the transactions.