GL0601 - Based on Problem 6-2A LO P2 Martin 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 $350 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 $109 for janitorial services b. Paid 582 for miscellaneous expenses. c. Paid postage expenses of $54. d. Paid $27 to Facebook for advertising expense. e. Counted 589 remaining in the petty cash box. May 16 Prepared a company check for $150 to increase the fund to $500. May 31 The petty cashier reports that $200 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 $172. 9. Reimbursed the office manager for business mileage, $86. h. Paid $28 to deliver merchandise to a customer, terms FOB destination. May 31 The company decides that the May 16 increase in the fund vas too large. It reduces the fund by $120, leaving a total of $380. ewconnect.mhed... ube Maps MyEagle ACU auto loan connect Meet-euu-bpgx- Saved Help Save & Exit Check my View transaction list Journal entry worksheet Prepared a company check for $350 to establish the petty cash fund. Note: Enter debits before credits. Dato Account Title Debit Credit May 01 350 Petty cash Cash 350 MU Prey 1 of 1 Neyt View transaction list Journal entry worksheet