EcoMart establishes a $1,450 petty cash fund on May 2. On May 30, the fund shows $544 in cash along with receipts for the following expenditures: transportation-in, $136, postage expenses, $457; and miscellaneous expenses, $320. The petty cashier could not account for a $7 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 $7 and credit Cash for $906], and (3) June 1 entry to increase the fund to $1,680. View transaction list Journal entry worksheet 1 2 3 Record the May 2 entry to establish the fund. Note: Enter debits before credits. Date May 02 General Journal Debit Credit Clear entry View general journal Record entry