Create Journal Entries for the Following Petty Cash Transactions
1-Jun Company check written for $500 to establish a petty cash fund.
5-Jun Company check written to Petty Cash for $250 to paid to gas.
10-Jun One company check written for all June 10th reimbursements: Paid for postage of $32.75
10-Jun Paid for $200 for gasoline
10-Jun Paid $52.50 for meals
10-Jun Paid $20 for donation
10-Jun Paid $7.50 for parking fees
15-Jun Company check written to Petty Cash for $300 paid for gasoline
20-Jun Company check written to Petty Cash for $400 paid for gasoline
21-Jun Company check written to increase Petty Cash fund to $1,000
22-Jun One company check written for all June 10th reimbursements: Paid for postage of $25.25
22-Jun Paid $600 for gasoline
22-Jun Paid $125 for meals
22-Jun Paid $35 for office supplies
22-Jun Paid $10 for parking fees
22-Jun Petty cash fund counted and found that there was $195.45 in the fund. Adjustment made to bring fund to $1,000
30-Jun Company decided $1,000 is too large for the Petty Cash fund. The fund is reduced to $750.