Prepare journal entries for all of the transactions

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Solar Company has decided to use a petty cash fund. Transactions involving this fund follow: June 4 Set up a petty cash fund of $ 450. 22 When the fund had a cash amount of $ 62.70, the custodian of the fund was reimbursed for expenditures made, including: Transportation-in $ 165.00 Postage 54.00 Office Supplies 163.50 30 The fund was reimbursed to include petty cash items in the financial statement prepared for the fiscal year ending on this date. The fund had the following cash and vouchers before reimbursement: Coins and Currency $ 384.00 Petty cash voucher for: Employee's IOU 30.00 Postage 54.00 Supplies 22.20 July 1 The petty cash fund balance is increased to $ 600.

Question 1: Prepare journal entries for all of the above transactions.

Reference no: EM132635700

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