Business, 18.03.2021 01:20 kellinvagneur

Larkspur Company established a petty cash fund on May 1 for $100. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $3.45. Receipts: delivery expense $29.85, postage expense $37.75, and miscellaneous expense $25.95. July 1: Cash in fund $3.85. Receipts: delivery expense $22.65, entertainment expense $49.95, and miscellaneous expense $23.55. On July 10, Larkspur increased the fund from $100 to $130. Prepare journal entries for Larkspur Company for May 1, June 1, July 1, and July 10.

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Larkspur Company established a petty cash fund on May 1 for $100. The company reimbursed the fund on...

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