Setterstrom Company established a petty cash fund on May 1, cashing a check for $105. The company reimbursed the fund on June 1 and July 1 with the following results.

June 1: Cash in fund $3.40.		Receipts: delivery expense $27.40, postage expense $37.90, and miscellaneous expense $33.30.
July 1: Cash in fund $3.95.		Receipts: delivery expense $20.95, entertainment expense $53.20, and miscellaneous expense $26.90.

On July 10, Setterstrom increased the fund from $105 to $135. Prepare journal entries for Setterstrom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)

Exercise 8-7 Setterstrom Company established a petty cash fund on May 1, cashing a check for $105. The company reimbursed the fund on June 1 and July 1 with the following results June 1: Cash in fund $3.40. Receipts: delivery expense $27.40, postage expense $37.90, and miscellaneous expense $33.30. July 1: Cash in fund $3.95. Receipts: delivery expense $20.95, entertainment expense $53.20, and miscellaneous expense $26.90. On July 10, Setterstrom increased the fund from $105 to $135. Prepare journal entries for Setterstrom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit May 1 June 1 July 1 SCREEN CAPTURE PRO