Exercise 8-07 Sheridan Company established a petty cash fund on May 1, cashing a check for $115. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $3.45. Receipts: delivery expense $30.05, postage expense $36.45, and miscellaneous expense $42.90. Receipts: delivery expense $21.75, entertainment expense $50.50, and miscellaneous expense $36.75. July 1: Cash in fund $6.00. On July 10, Sheridan increased the fund from $115 to $145.00. Prepare journal entries for Sheridan Company for May 1, June 1, July 1, and July 10. Date Account Titles and Explanation Debit Credit