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 May 2 entry to establish the fund. Note: Enter debits before credits Date General Journal Debit Credit May 02