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Exercise 6-9 (Algo) Petty cash fund with an overage LO P2 EcoMart establishes a $1,850 petty cash fund on May 2. On May 30 ,

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Exercise 6-9 (Algo) Petty cash fund with an overage LO P2 EcoMart establishes a $1,850 petty cash fund on May 2. On May 30 , the fund shows $762 in cash along with receipts for the following expendituresi transportation-in, \$152; postage expenses, \$545; and miscellaneous expenses, \$400. 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 $1,088 ), and (3) June 1 entry to increase the fund to $2,160. Journal entry worksheet Record the May 2 entry to establish the fund. Note: Enter debits before credits. Journal entry worksheet Record the May 30 entry to reimburse the fund. Note: Enter debits before credits. Journal entry worksheet Record the June 1 entry to increase the fund to $2,160. Note: Enter debits before credits

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