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EcoMart establishes a $1,450 potty cash fund on May 2. On May 30, the fund shows $544 in cash along with receipts for the following

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EcoMart establishes a $1,450 potty 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 HP View transaction list Journal entry worksheet 1 2 3 > Record the May 30 entry to reimburse the fund. Note: Enter debits before credits. Debit Credit Date General Journal May 30 + View general journal Clear entry Record entry abled: Examen Cap 8 y 9 0 Saved View transaction list Journal entry worksheet

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