Craig Robinson Company established a $100 petty cash fund on August 1. On August 30, the fund

Question:

Craig Robinson Company established a $100 petty cash fund on August 1. On August 30, the fund had $9 cash remaining and petty cash receipts for postage $31, office supplies $42, and miscellaneous expense $16. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 30.