1. The petty cash fund of the Brooks Agency is established at $220. At the end of the current period, the fund contained $120 and had the following receipts: entertainment, $55; postage, $16; and printing, $29. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.

Record the establishment of the petty cash fund.

Record the reimbursement of the fund at the end of the current period.