Setterstrom company established a petty cash fund

Reference no: EM131021853

Setterstrom Company established a petty cash fund on May 1, cashing a check for $120.00. The company reimbursed the fund on June 1 and July 1 with the following results.

June 1: Cash in fund $2.75.		Receipts: delivery expense $27.50; postage expense $38.25; and miscellaneous expense $49.40.
July 1: Cash in fund $4.25.		Receipts: delivery expense $24.25; entertainment expense $49.25; and miscellaneous expense $42.25.

On July 10, Setterstrom increased the fund from $120.00 to $150.00.

Prepare journal entries for Setterstrom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
May 1
June 1
July 1
July 10

Reference no: EM131021853

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