16. On January 1st, Melissa co. establishes a petty cash fund in the amount of $750. On 31 January, the fund is replenished. Before replenishment, there was $278.25 remaining in the petty cash drawer and the following receipts:

I. parking fees - $125.25

ii. postage - 71

iii. office supplies - $222

iv. miscellaneous expenses - $52

prepare all journal entries necessary to record the establishment and replenishment of the fund