PETTY CASH FUND FOR GILMORE GOLF EQUIPMENT IS THIS RIGHT WHAT I HAVE

8. The following petty cash transactions of Gilmore Goll Equipment occurred in May May 1 Established a petty cash fund with a $150 balance 31 The petty cash fund has $29 in cash and 5114 in petty cash tickets that were issued to pay for Office Supplies (527). Delivery Expense (527). Postage Expense (553) and Miscellaneous Expense (57The petty cash custodian replenished the fund and recorded the expenses Prepare journal entries. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Debit Credit Journalize the establishment of the petty cash fund Date Accounts and Explanation May 1 Petty Cash Cash To open the petty cash fund Date Debit Credit May 31 Accounts and Explanation Office Supplies Delivery Expense Postage Expense Miscellaneous Expense Cash Short and Over Cash To replenish the petty cash fund