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Cheyenne Company established a petty cash fund on May 1 for $115. The company reimbursed the fund on June 1 and July 1 with the
Cheyenne Company established a petty cash fund on May 1 for $115. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $3.45. July 1: Cash in fund $6.00. Receipts: delivery expense $30.05. postage expense $36.45, and miscellaneous expense $42.90. Receipts: delivery expense $21.75, entertainment expense $50.50, and miscellaneous expense $36.75 On July 10, Cheyenne increased the fund from $115 to $145. Prepare journal entries for Cheyenne Company for May 1, June 1, July 1, and July 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit June 1 July 1 e Textbook and Media List of Accounts Attempts unlimited Submit Answer Save for Later
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