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Problem 9.2B. Journalizing cash payments and recording petty cash; posting to the general ledger. The cash payments of European Gift Shop, a retail business, for September are listed on page 309. The general ledger accounts used to record these transactions appear below and on page 309.
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Problem 9.2B Journalizing cash payments and recording petty cash; posting to the general ledger
The cash payments of European Gift Shop, a retail business, for September are listed on page 309. The general ledger accounts used to record these transactions appearbelow and on page 309. INSTRUCTIONS • Open the general ledger accounts and enter the balances as of September 1, 2010. • Record all payments by check in a cash payments journal. Use 12 as the page number. • Record all payments from the petty cash fund on a petty cash analysis sheet with special columns for Delivery Expense and Miscellaneous Expense. Use 12 as the sheet number. • Post the individual entries from the Other Accounts Debit section of the cash payments journal to the proper general ledger accounts. • Total, prove, and rule the petty cash analysis sheet as of September 30, then record the replenishment of the fund and the final balance on the sheet. • Total, prove, and rule the cash payments journal as of September 30. • Post the column totals from the cash payments journal to the proper general ledger accounts. GENERAL LEDGER ACCOUNTS
