EcoMart establishes a $1,050 petty cash fund on May 2. On May 30, the fund shows $326 in cash along with receipts for the following expenditures: transportation-in, $120; postage expenses. $369, and miscellaneous expenses, $240. The petty cashier could not account for a $5 overage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund (Hint Credit Cash Over and Short for $5 and credit Cash for $724), and (3) June 1 entry to increase the fund to $1.200, View transaction list Journal entry worksheet 1 3 Record the May 2 entry to establish the fund, Note: Enter debits before credits General Journal Debit Credit Date May 02 Record entry Clear entry View general Journal Ecomart establishes a $1,050 petty cash fund on May 2. On May 30, the fund shows $326 in cash along with recei expenditures: transportation-in. $120: postage expenses, $369: and miscellaneous expenses, $240. The petty cas account for a $5 overage in the fund. The company uses the perpetual system in accounting for merchandise inve Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund [Hint Credit Cash Over an credit Cash for $724). and (3) June 1 entry to increase the fund to $1,200. View transaction list Journal entry worksheet 1 3 > Record the May 30 entry to reimburse the fund. Noter Enter debits before credits Date General Journal Debit Credit May 30 EcoMart establishes a $1,050 petty cash fund on May 2. On May 30, the fund shows $326 in cash along with receipts for the following expenditures: transportation-in, $120; postage expenses, $369; and miscellaneous expenses, $240. The petty cashier could not account for a $5 overage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund (Hint Credit Cash Over and short for $5 and credit Cash for $724), and (3) June 1 entry to increase the fund to $1,200. View transaction list Journal entry worksheet Record the June 1 entry to increase the fund to $1,200. Note: Enter debits before credits Date General Journal Debit Credit Jun 01 Record entry Clear entry View general journal