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Exercise 7-7 Setterstrom Company established a petty cash fund on May 1, cashing a check for $105. The company reimbursed the fund on June 1

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Exercise 7-7 Setterstrom Company established a petty cash fund on May 1, cashing a check for $105. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $3.20. Receipts: delivery expense $27.50, postage expense $36.50, and miscellaneous expense $35.15 July 1: Cash in fund $3.10. Receipts: delivery expense $21.90, entertainment expense $52.20, and miscellaneous expense $27.80 On July 10. Setterstrom increased the fund from $105 to $135. (Credit account titles are automatica"y indeted when amwi in the order presented in the problem. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation June 1 uly 1

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