1. The petty cash fund of the Brooks Agency is established at \($85\). At the end of the current period, the fund contained \($14.80\) and had the following receipts: film rentals, \($21.30\), refreshments for meetings, \($30.85\) (both expenditures to be classified as Entertainment Expense); postage, \($8.95\) ; and printing, \($9.10\). Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.
2. Identify the two events that cause a Petty Cash account to be credited in a journal entry.