Prepare journal entries for setterstrom company

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Reference no: EM131122535

Assignment

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 $3.00.	Receipts: delivery expense $28.50; postage expense $38.50; and miscellaneous expense $47.30.
July 1: Cash in fund $5.25.	Receipts: delivery expense $19.50; entertainment expense $48.00; and miscellaneous expense $47.25.

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.)

Reference no: EM131122535

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