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Prepare journal entries for coronado company for may

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Question - Coronado Company established a petty cash fund on May 1, cashing a check for $105. The company reimbursed the fund on June 1 and July 1 with the following results.

June 1: Cash in fund $3.25.

Receipts: delivery expense $30.50, postage expense $38.75, and miscellaneous expense $30.00.July 1: Cash in fund $5.75.

Receipts: delivery expense $22.00, entertainment expense $47.05, and miscellaneous expense $30.20.

On July 10, Coronado increased the fund from $105 to $135.00.

Required - Prepare journal entries for Coronado Company for May 1, June 1, July 1, and July 10.

Reference no: EM132709824

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