question 9 help

EcoMart establishes a $1,950 petty cash fund on May 2. On May 30, the fund shows $812 in cash along with receipts for the following expenditures: transportation-in, $156; postage expenses, $567; and miscellaneous expenses, $420. The petty cashier could not account for a $5 overage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund [Hint. Credit Cash Over and Short for $5 and credit Cash for $1,138], and (3) June 1 entry to increase the fund to $2,280. Journal entry worksheet Note: Enter debits before credits