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Exercise 7-07 Setterstrom Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 1

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Exercise 7-07 Setterstrom Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund Receipts: delivery expense $31.25, postage expense $39.00, and miscellaneous $1.75. expense $25.00 July 1: Cash in fund Receipts: delivery expense $21.00, entertainment expense $51.00, and $3.25. miscellaneous expense $24.75. On July 10, Setterstrom increased the fund from $100 to $130. Prepare journal entries for Setterstrom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT

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