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E 6-7 LO3 Petty Cash Fund Volvo Company established a petty cash fund on June 1, cashing a check for 100. During June, the
E 6-7 LO3 Petty Cash Fund Volvo Company established a petty cash fund on June 1, cashing a check for 100. During June, the petty cash receipts are as followed: June 4 Stamp inventory, 10 15 Miscellaneous expense, 15 20 Freight-out, 20 28 Office supplies, 8 The fund was replenished on June 30, and the fund contained 45. On July 1, the company decided to increase the amount of the fund to 120. Prepare journal entries to record transactions during June 1 to July 1.
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