4. Petty cash Hull Company is a fast-growing local company that has found a need to keep cash on hand to pay for small expenses such as postage, office supplies, and minor repairs. John Williams has been appointed the petty cash custodian at the company. On June 1, Hull's controller established the petty cash fund with a check for $650 Record the entry to establish the petty cash fund in the following journal. JOURNAL Post. Date Description Ref Debit Credit Jun Not sure about the account title? Click here to view the chart of accounts. Postage expense Office supplies Repairs expense Miscellaneous expense $ 62 390 97 43 On June 30, John Williams gathered receipts for payments, shown to the left, made with petty cash during the month. Hull considers postage expense as part of office supplies. On June 30, John Williams counted the money remaining in the petty cash lockbox and found $55. On that same day, Hull wrote another check to replenish the petty cash used during the month such that the petty cash fund has the same amount of cash as it did at the beginning of the month. Record the entry to replenish the petty cash fund. Use Smart Entry when selection lists are not available