Exercise 6-9 (Algo) Petty cash fund with an overage LO P2 EcoMart establishes a $1,300 petty cash fund on May 2. On May 30, the fund shows $466 in cash along with receipts for the following expenditures: transportation-in, $130, postage expenses, $424; and miscellaneous expenses, $290. 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 $834), and (3) June 1 entry to increase the fund to $1,500 View transaction list Journal entry worksheet 3 Record the May 2 entry to establish the fund