Question: Please write down the complete answer, thank you! 1. Pacers Co. established a petty cash fund on May 1, cashing a check for $1,000. The

Please write down the complete answer, thank you! 1. Pacers Co.

Please write down the complete answer, thank you!

1. Pacers Co. established a petty cash fund on May 1, cashing a check for $1,000. The company reimbursed the fund on June 1 and July 1 with the following results. June 1 Cash in fund $100. Receipts: delivery expense $313; postage expense $410; and miscellaneous expense $250. July 1 Cash in fund $10. Receipts: delivery expense $210; entertainment expense $530; and miscellaneous expense $235. July 10 Pacers increased the fund from $1,000 to $1,500. Instructions Prepare journal entries for Pacers Co. for May 1, June 1, July 1, and July 10

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