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Mercy Co. had the following 4 days of transactions. Record the journal entry for each...

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Accounting

Mercy Co. had the following 4 days of transactions. Record the journal entry for each day, assuming there might be cash overages or shortages.

May 1 Established a $100 change fund.

May 2 Sales for the day amount to $998. Cash in the register after deducting the change fund totals $994.50

May 3 Sales for the day amount to $1,025. Cash in the register after deducting the change fund totals $1,028.50.

May 4 Increase the change fund to $200.

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