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EcoMart establishes a $1,200 petty cash fund on May 2. On May 30, the fund shows $410 in cash along with receipts for the following

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EcoMart establishes a $1,200 petty cash fund on May 2. On May 30, the fund shows $410 in cash along with receipts for the following expenditures: transportation-in, $126; postage expenses, $402; and miscellaneous expenses, $270. The petty cashier could not account for a $8 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 $8 and credit Cash for $790), and (3) June 1 entry to increase the fund to $1,380. View transaction list Journal entry worksheet 1 2 3 Record the May 2 entry to establish the fund. Note: Enter debits before credits. Date General Journal Debit Credit May 02 Proy 1 of 1 Next Journal entry worksheet 1 2 3 Record the May 30 entry to reimburse the fund. Note: Enter debits before credits. Date General Journal Debit Credit May 30 View general journal Record entry Clear entry vlabs. Saved Journal entry worksheet 1 2 3 Record the June 1 entry to increase the fund to $1,380. Note: Enter debits before credits. Date General Journal Debit Credit Jun 01 Record entry Clear entry View general journal

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