8. The following petty cash transactions of

Green

Golf Equipment occurred in

May:

May 1	Established a petty cash fund with a $400 balance.
May 31	The petty cash fund has $24 in cash and $370 in petty cash tickets that were issued to pay for Office Supplies ($279), Delivery Expense ($37), Postage Expense ($50) and Miscellaneous Expense ($4). The petty cash custodian replenished the fund and recorded the expenses.

Prepare journal entries. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.)

Journalize the establishment of the petty cash fund.

Date	Accounts and Explanation	Debit	Credit
May 1

Journalize the replenishment of the fund.

Date	Accounts and Explanation	Debit	Credit
May 31