prepare the journal entry to establish the petty cash fund

2. Prepare PETTY CASH RECORD AND JOURNAL ENTRIES On May 1, a petty cash fund was established for $150. The following vouchers were issued during May: Purpose Amount Date Voucher No. $ 3.50 May 1 Postage due Office supplies 11.00 Auto repair (miscellaneous) 43.00 Drawing (Joy Adams) 25.00 11 Donation (Red Cross) 10.00 15 Travel expenses 28.00 22 Postage stamps 3.50 26 Phone call 5.00 30 Donation (Boy Scouts) 20.00