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Setterstrom Company established a petty cash fund on May 1, cashing a check for $120.00. The company reimbursed the fund on June 1 and July 1 with the following results.

Exercise 8-7 Setterstrom Company established a petty cash fund on May 1, cashing a check for $120.00. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $2.75. July 1: Cash in fund $4.75. Receipts: delivery expense $27.00; postage expense $37.75; and miscellaneous expense $49.70. Receipts: delivery expense $19.50; entertainment expense $51.50; and miscellaneous expense $44.25. On July 10, Setterstrom increased the fund from $120.00 to $150.00. Prepare journal entries for Setterstrom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date May 1 June 1 July 1 July 10 Account Titles and Explanation Debit Credit