Exercise 4 (Chapter 8) Abdullah Company set up a cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in August, 2019. On August 1, prepared a company check for AED 2,200 to establish the petty cash fund with Danny as the petty cashier. On August 31, the fund shows AED 157 in cash along with receipts for the following expenditures: janitorial AED 337, advertising expenses, AED 690; office supplies expenses AED 570 and miscellaneous expenses, AED 459. Prepare journal entries (1) To establish the fund on August 1 (2) To reimburse the fund on August 31, and (3) To increase the fund to AED 2,500 on September 1. Solution