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25 oints 04:23:01 whook P References Exercise 6-9 (Algo) Petty cash fund with an overage LO P2 EcoMart establishes a $1,350 petty cash fund on
25 oints 04:23:01 whook P References Exercise 6-9 (Algo) Petty cash fund with an overage LO P2 EcoMart establishes a $1,350 petty cash fund on May 2. On May 30, the fund shows $488 in cash along with receipts for the following expenditures: transportation-in, $132: postage expenses, $435; and miscellaneous expenses, $300. 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 $862), and (3) June 1 entry to increase the fund to $1,560. View transaction list Journal entry worksheet < 1 2 3 Record the May 2 entry to establish the fund. Note: Enter det before Date May 02 General Journal Debit Credit > my work 1.25 points 2042252 Bock Prim References EcoMart establishes a $1.350 petty cash fund on May 2. On May 30, the fund shows $488 in cash along with receipts for the following expenditures: transportation-in, $132; postage expenses, $435; and miscellaneous expenses, $300. 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 $862), and (3) June 1 entry to increase the fund to $1,560. View transaction st Me Journal entry worksheet < 1 3 Record the May 30 entry to reimburse the fund. Note: Enter debita before credits. Date May 30 General Journal Debit Credit 04:22:44 Exercise 6-9 (Algo) Petty cash fund with an overage LO P2 EcoMart establishes a $1.350 petty cash fund on May 2. On May 30, the fund shows $488 in cash along with receipts for the following expenditures: transportation-in, $132: postage expenses, $435; and miscellaneous expenses, $300. 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 $862), and (3) June 1 entry to increase the fund to $1,560. View transactions Journal entry worksheet Record the June 1 entry to increase the fund to $1,560. Note: Enter debts before credi Date June 01 General Journal Deb Credit Next >> Check my work
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