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1. The Sharon Advocate has established a petty cash fund for small expenditures. In the journal provided, prepare the entries for the following transactions. (Omit
1. The Sharon Advocate has established a petty cash fund for small expenditures. In the journal provided, prepare the entries for the following transactions. (Omit explanations.) [10] Apr. 5 Established a $250 petty cash fund with cash withdrawn from company checking account. 30 The petty cash fund has $12 remaining and is replenished. Expenditures for April were $75 for supplies, $60 for meals, $80 for postage, and $25 for freight-in. May 31 The petty cash fund has $24 remaining and is replenished. Expenditures for May were $70 for postage. $45 for meals, $80 for supplies, and $30 for freight-in
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