EcoMart establishes a $1,550 petly cash fund on May 2 . On May 30 , the fund shows $600 in cash along with receipts for the following expenditures; transportation-in, $140; postage expenses, $479; and miscelloneous expenses, $340. The petty cashier could not account for a $9 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 [ H int Credit Cash Over and Short for $9 and credit Cash for \$950), and (3) June 1 entry to increase the fund to $1,800. Journal entry worksheet Record the May 2 entry to establish the fund. Fiote: Entert debits betort credet: EcoMart establishes a $1,550 petty cash fund on May 2. On May 30, the fund shows $600 in cash along with rec expenditures: transportation-in, \$140; postage expenses, $479; and miscellaneous expenses, $340. The petty ca account for a $9 overage in the fund. The company uses the perpetual system in accounting for merchandise inv Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund [Hint. Credit Cash Over at credit Cash for $950 ], and (3) June 1 entry to increase the fund to $1,800. Journal entry worksheet Record the May 30 entry to reimburse the fund. Note: finter debits before credits. EcoMart establishes a $1,550 petty cash fund on May 2. On May 30, the fund shows $600 in cash along with receipts for the expenditures: transportation-in, $140; postage expenses, $479; and miscellaneous expenses, $340. The petty cashier could account for a $9 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 fo credit Cash for $950, and (3) June 1 entry to increase the fund to $1,800. Journal entry worksheet Record the June 1 entry to increase the fund to $1,800. Note: Enter debits before credits