Exercise 8-07 Sheridan Company established a petty cash fund on May 1, cashing a check for $115. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $3.45. Receipts: delivery expense $30.05, postage expense $36.45, and miscellaneous expense $42.90. July 1: Cash in fund $6.00. Receipts: delivery expense $21.75, entertainment expense $50.50, and miscellaneous expense $36.75. On July 10, Sheridan increased the fund from $115 to $145.00. Prepare journal entries for Sheridan Company for May 1, June 1, July 1, and July 10. Date Account Titles and Explanation Debit Credit May 1 v Petty Cash 115 Cash 115) > June 17 Delivery Expense 30.05 Postage Expense 36.45 Miscellaneous Expense 42.9 Cash Over and Short Cash 109.4 July 10 Delivery Expense 21.75 Entertainment Expense 50.5 Miscellaneous Expense 36.75 Cash 109 4 soul hoch SE