E7
Subject:AccountingPrice: Bought3
E7.7 (LO 3) AP Kris Allen Company established a petty cash fund on May 1, cashing a cheque for $150. The company replenished the fund on June 1 and July 1 with the following results. June 1: Cash in fund, $4.75 Receipts: Delivery expense Postage expense Travel expense $31.25 39.00 62.00 July 1: Cash in fund, $3.25 Receipts: Delivery expense Entertainment expense Suppliest $31.00 71.00 44.75 ) On July 10, Kris Allen increased the fund from $150 to $200. Instructions Prepare journal entries for Kris Allen Company for May 1, June 1, July 1, and July 10.
