Petty Cash Record and Journal Entries On May 1, a petty cash fund was established for $150. The following vouchers were issued during May: Date Voucher No. Purpose Amount May 1 1 Postage due $3.50 3 2 Office supplies 11.00 5 3 Auto repair (miscellaneous) 43.00 7 4 Drawing (Joy Adams) 25.00 11 5 Donation (Red Cross) 10.00 15 6 Travel expenses 28.00 22 7 Postage stamps 3.50 26 8 Phone call 5.00 30 9 Donation (Boy Scouts) 20.00 Required: 1. Prepare the journal entry to establish the petty cash fund. 2 3 4 Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-May 1 Petty Cash 150 1 Cash 150 2 234 Establish petty cash fund