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LaSalle Company established a petty cash fund on May 1, cashing a check for $105.00. The company reimbursed the fund on June 1 and July
LaSalle Company established a petty cash fund on May 1, cashing a check for $105.00. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $1.35. Receipts: delivery expense $31.00; postage expense $37.25; and miscellaneous expense $33.90. July 1: Cash in fund $4.75. Receipts: delivery expense $24.25; entertainment expense S48.25; and miscellaneous expense $27.75. On July 10, LaSalle increased the fund from $105.00 to $155.00. Prepare journal entries for LaSalle Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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