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Make the journal entries for Sheffield Company

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Question - Sheffield 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 $3.00.

Receipts: delivery expense $28.15, postage expense $36.30, and miscellaneous expense $44.70.

July 1: Cash in fund $4.05.

Receipts: delivery expense $23.90, entertainment expense $50.70, and miscellaneous expense $36.35.

On July 10, Sheffield increased the fund from $115 to $145.

Required - Make the journal entries for Sheffield Company.

Reference no: EM132726955

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