Journal entry For June 29-30 What account is credited and debited? June 29 A che
ID: 2457120 • Letter: J
Question
Journal entry For June 29-30
What account is credited and debited?
June 29
A check was issued to Kim Booker, the part-time repair and sales person for the business. Kim earned $200 during the past two- week period ended June 28.
June 30
A check was issued for $98.05 to replenish the $100 Petty Cash Fund. A total of $1.95 is all that remains in the petty cash box at this time. Be sure to account for the overage or shortage. All of the receipts have been accounted for and the summary below shows the following expenditures have been made from the fund:
Store & Shop Supplies $87.50
Miscellaneous Expense $7.50
Explanation / Answer
june 29 kim booker a/c................dr $200
to bank $200
june 30 bank a/c..................dr $98.05
shortage a/c...........dr $1.95
to petty caash $100
store and supplies a/c................dr $87.50
misc expenses a/c....................dr $7.50
to cash a/c $95
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