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Homework answers / question archive / Swifty Company established a petty cash fund on May 1 for $105
Swifty Company established a petty cash fund on May 1 for $105. The company reimbursed the fund on June 1 and July 1 with the following results.
June 1: Cash in fund $2.95. July 1: Cash in fund $5.40.
Receipts: delivery expense $27.65, postage expense $36.40, and miscellaneous expense $35.15.
July 1; Cash in fund $5.40
Receipts: delivery expense $21.05, entertainment expense $48.75, and miscellaneous expense $29.80.
On July 10. Swiftv increased the fund from $105 to $135.
Prepare the journal entries for Swifty company for May 1, June 1, July 1, & July 10.