Hello I need help with the following questionsSolution Journ

Hello, I need help with the following question(s):

Solution

Journal Entries: Petty Cash Fund Date Accounts/ Explanations Debit Credit May. 1 Petty Cash $300.00 Cash $300.00 (Being Petty cash fund established) May. 15 Janitorial Service Expenses $88.80 Miscellaneous Expenses $53.68 Postage Expenses $53.50 Advertisement Expenses $47.15 Cash Short / Over ( b.f) $5.28 Petty Cash (300 -62.15) $237.85 (Being Expenses incurred) Petty Cash $237.00 Cash $237.85 (Being fund replenished) May. 16 Petty Cash $200.00 Cash $200.00 (Being Petty cash fund increased) May. 31 Postage Expenses $147.36 Conveyance Expenses $23.50 Freight Expenses $34.75 Cash Short / Over (b.f) $6.19 Petty Cash (500-288.20) $211.80 (Being Expenses incurred) Petty Cash $211.80 Cash $211.80 (Being fund replenished) May. 31 Cash $100.00 Petty Cash $100.00 (Being fund reduced by $50)