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Current Attempt in Progress Splish Brothers Company established a petty cash fund on May 1 for $125. The company reimbursed the fund on June 1
Current Attempt in Progress Splish Brothers Company established a petty cash fund on May 1 for $125. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $3.60. July 1: Cash in fund $5.15. Receipts: delivery expense $29.10, postage expense $37.60, and miscellaneous expense $52.70. Receipts: delivery expense $18.95, entertainment expense $46.80, and miscellaneous expense $54.10. On July 10, Splish Brothers increased the fund from $125 to $155. Prepare journal entries for Splish Brothers 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.) June 1 Date Account Titles and Explanation Debit Credit ******
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