1. The petty cash fund of the Rio Agency is established at $75. At the end of the current period, the fund contained $14 and had the following receipts: film rentals, $19, and refreshments for meet¬

ings, $23 (both expenditures to be classified as Entertainment Expense); postage, $6; and print¬

ing, $13. Prepare journal entries to record

(a) establishment of the fund and

(b) reimbursement of the fund at the end of the current period. kg4 2. Identify the two events that cause a Petty Cash account to be credited in a journal entry.