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EcoMart establishes a $ 1 , 4 5 0 petty cash fund on May 2 . On May 3 0 , the fund shows $
EcoMart establishes a $ petty cash fund on May On May the fund shows $ in cash along with receipts for the following expenditures: transportationin $; postage expenses, $; and miscellaneous expenses, $ The petty cashier could not account for a $ overage in the fund. The company uses the perpetual system in accounting for merchandise inventory.
Prepare the May entry to establish the fund, May entry to reimburse the fund Hint Credit Cash Over and Short for $ and credit Cash for $ and June entry to increase the fund to $
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