est 0 EcoMart establishes a $2,050 petty cash fund on May 2. On May 30, the fund shows $868 in cash along with receipts for the following expenditures: transportation-in, $160; postage expenses, $589; and miscellaneous expenses, $440. 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 $1,182), and (3) June 1 entry to increase the fund to $2,400. 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 Record entry Clear entry View general journal