GL$0601($Algo$)-$ Based on Problem $6-2$A LO P$2$

Duerr Company set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May.

May $1$ Prepared a company check for $\backslash (\backslash$$ $550\backslash )$ to establish the petty cash fund.

May $15$ Prepared a company check to replenish the fund for the following expenditures made since May $1.$

May $15$ a$.$ Paid $\backslash (\backslash$$ $188\backslash )$ for janitorial services.

May $15$ b$.$ Paid $\backslash (\backslash$$ $141\backslash )$ for miscellaneous expenses.

May $15$ c$.$ Paid postage expenses of $\backslash (\backslash$$ $94\backslash ).$

May $15$ d $.$ Paid $\backslash (\backslash$$ $48\backslash )$ to Facebook for advertising expense.

May $15$ e $.$ Counted $\backslash (\backslash$$ $87\backslash )$ remaining in the petty cash box.

May $16$ Prepared a company check for $\backslash (\backslash$$ $250\backslash )$ to increase the fund to $\backslash (\backslash$$ $800\backslash ).$

May $31$ The petty cashier reports that $\backslash (\backslash$$ $320\backslash )$ cash remains in the fund. A company check is drawn to replenish the fund fo the following expenditures made since May $15.$

May $31$ f $.$ Paid postage expenses of $\backslash (\backslash$$ $282\backslash ).$

May $31$ g $.$ Reimbursed the office manager for business mileage, $\backslash (\backslash$$ $141\backslash ).$

May $31$ h $.$ Paid $\backslash (\backslash$$ $47\backslash )$ to deliver merchandise to a customer, terms FOB destination.

May $31$ The company decides that the May $16$ increase in the fund was too large. It reduces the fund by $\backslash (\backslash$$ $200\backslash ),$ leaving a total of $\backslash (\backslash$$ $600\backslash ).$

Prepare the journal entries for each of the petty cash transactions.

Journal entry worksheet

$4$

$5$

Prepared a company check for $\backslash (\backslash$$ $550\backslash )$ to establish the petty cash fund.

Note: Enter debits before credits.