help with this three part question f
EcoMart establishes a $1,050 petty cash fund on May 2. On May 30, the fund shows $326 in cash along with receipts for the following expenditures: transportation-in, $120; postage expenses, $369; and miscellaneous expenses, $240. The petty cashier could not account for a $5 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 $5 and credit Cash for $724, and (3) June 1 entry to increase the fund to $1,200. Journ entry worksheet Record the May 2 entry to establish the fund. Note: Enter debits before credits. EcoMart establishes a $1,050 petty cash fund on May 2 . On May 30, the fund shows $326 in cash along with receipts for the following expenditures: transportation-in, \$120; postage expenses, \$369; and miscellaneous expenses, \$240. The petty cashier could not account for a $5 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 $5 and credit Cash for $724, and (3) June 1 entry to increase the fund to $1,200. Journal entry worksheet Record the May 30 entry to reimburse the fund. Niste Inter debits before credits. EcoMart establishes a $1,050 petty cash fund on May 2 . On May 30, the fund shows $326 in cash along with receipts for the following expenditures: transportation-in, \$120; postage expenses, \$369; and miscellaneous expenses, $240. The petty cashier could not account for a $5 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 $5 and credit Cash for $724 ), and (3) June 1 entry to increase the fund to $1,200. Journal entry worksheet Record the June 1 entry to increase the fund to $1,200. Note, Enter debits before credits. ay 2 entry to establish the fund, (2) May 30 ent 724], and (3) June 1 entry to increase the fund entry worksheet May 2 entry to establish the fund, (2) May 30 entry to reim r \$724], and (3) June 1 entry to increase the fund to $1,200. al entry worksheet nal entry worksheet y 2 entry to establish the fund, (2) May 30 entry 24], and (3) June 1 entry to increase the fund to entry worksheet ) May 2 entry to establish the fund, (2) May 30 entry to or \$724], and (3) June 1 entry to increase the fund to \$1, nal entry worksheet overage in the fund. The company uses the perpetual ay 2 entry to establish the fund, (2) May 30 entry to rein 724], and (3) June 1 entry to increase the fund to $1,200 entry worksheet
