1. Ernest Company petty cash fund was established on March 1 with a balance of $300. During March the following petty cash receipts were found in the petty cash box. Receipt No. For Amount 1 Postage $68 2 140 Delivery Expense Miscellaneous Expense 3 77 The fund was replenished on March 31 when the fund contained $6 in cash. On April 1, the amount in the fund was increased to $350. Instructions: Prepare the journal entries in March for establishing the petty cash fund on March 1 replenishing the fund on March 31, and increasing the fund on April 1