2- Record the May 30 entry to reimburse the fund.3-Record the June 1 entry to increase the fund to $1,920.

EcoMart establishes a $1,650 petty cash fund on May 2. On May 30 , the fund shows $650 in cash along with receipts for the following expenditures: transportation-in, $144; postage expenses, $501; and miscellaneous expenses, $360. The petty cashier could not account for a $5 overage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund [Hint. Credit Cash Over and Short for $5 and credit Cash for $1,000], and (3) June 1 entry to increase the fund to $1,920. Journal entry worksheet Record the May 2 entry to establish the fund. Note: Enter debits before credits