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7. Said Company established a petty cash fund on March 1, cashing a check for OMR 100. The company reimbursed the fund on June 1
7. Said Company established a petty cash fund on March 1, cashing a check for OMR 100. The company reimbursed the fund on June 1 and July 1 with the following results.
April 1: Cash in fund OMR 4.5. Receipts: delivery expense OMR 29.75; postage expense OMR 42.00; and miscellaneous expense OMR 20.00.
May 1: Cash in fund OMR 2.25. Receipts: delivery expense OMR 22.00; entertainment expense OMR 45.00; and miscellaneous expense OMR 30.75.
On May 10, Said increased the fund from OMR 100 to OMR 200.
Instruction: Prepare journal entries for Said Company for March1, April 1 ,May 1 ,and May 10
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