EcoMart establishes a $1,350 petty cash fund on May 2. On May 30, the fund shows $488 in cash along with receipts for the following expenditures: transportation-in, $132; postage expenses, $435; and miscellaneous expenses, $300. 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 $862], and (3) June 1 entry to Increase the fund to $1,560. O View transaction list Journal entry worksheet 1 2 Record the May 2 entry to establish the fund. Date May 02 Note: Enter debits before credits. 3 Record entry * S General Journal Clear entry R % 5 T Debit Credit View general journal Q Search You skipped this question in the previous attempt Y m F10 A Fil Paus

account for a 55 overage an the fund. The compacy ines the peppetual system an accourding for merchandse ativeotory Journal entry worksheet 3 Fecord the 3 ers 2 entry to eitatilu the fund