GL0601 - Based on Problem 6-2A LO P2 Griffin Co. 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 $550 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Paid $191 for janitorial services. b. Paid $143 for miscellaneous expenses. c. Paid postage expenses of $95. d. Paid $48 to Facebook for advertising expense. e. Counted $87 remaining in the petty cash box. May 16 Prepared a company check for $250 to increase the fund to $800. May 31 The petty cashier reports that $320 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15. f. Paid postage expenses of $277. g. Reimbursed the office manager for business mileage, $139. h. Paid $46 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 $200, leaving a total of $600. Journal entry worksheet 2 3 4 5 Prepared a company check for $550 to establish the petty cash fund. Note: Enter debits before credits. Account Title Debit Credit Date May 01 Journal entry worksheet 3 4 5 Prepared a company check to replenish the fund for the following expenditures made since May 1: $191 for janitorial services; $143 for miscellaneous expenses; postage expenses of $95; and $48 to Facebook for advertising expense. Counted $87 remaining in the petty cash box. Note: Enter debits before credits. Date Account Title Debit Credit May 15 Journal entry worksheet