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Take me to the text Beachside Diner established a petty cash fund on May 12, 2021 in the amount of $240. As of May 31,
Take me to the text Beachside Diner established a petty cash fund on May 12, 2021 in the amount of $240. As of May 31, 2021, the custodian had approved receipts for the following expenditures. Advertising Expense Delivery Expense $21.11 $55.98 Maintenance Expense $40.40 Miscellaneous Expense $15.15 Postage Expense Supplies Expense $28.85 $62.52 On May 31, 2021, the petty cash fund was replenished and increased to $290; currency and coin in the fund at that time totaled $14.99. Do not enter dollar signs or commas in the input boxes. a) Record the journal entry on May 12 to establish the petty cash fund. Date Account Title and Explanation 2021 May 12 Set up the petty cash fund Debit Credit b) Record on the journal entry on May 31 to replenish the petty cash fund. Enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2021 May 31 = = = Replenish the petty cash fund
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