EcoMart establishes a $1,900 petty cash fund on May 2. On May 30, the fund shows $790 in cash along with receipts for the following expenditures: transportation-in, $154; postage expenses, $556, and miscellaneous expenses, $410. The petty cashier could not account for a $10 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 $10 and credit Cash for $1,110], and (3) June 1 entry to increase the fund to $2,220. Answer is not complete. No 1 Date May 02 General Journal Debit Credit Petty cash 1,900 Cash 1,900 2 May 30 Merchandise inventory Postage expense Miscellaneous expenses Cash over and short Cash 154 556 410 1,120 1,130x 13