$5-4$ Application Problem: Establishing and replenishing a petty cash fund $109,10,11$

Instructions:

Prepare a petty cash report for June $30$ of the current year using the following information: Amount in fund, $$300\mathrm{.}00.$ Petty cash slips supported payment of $$155\mathrm{.}00$ for Postage Expense and $$75\mathrm{.}00$ for Miscellaneous Expense. Actual amount of cash in the petty cash box is $$66\mathrm{.}00.$

Journalize the following transactions related to petty cash completed during June of the current year. Use page $11$ of a journal. The abbreviation for check is $C.$

Transactions:

June $3.$ Paid cash to establish a petty cash fund, $$300\mathrm{.}00.$ C$44.$

$30.$ Paid cash to replenish the petty cash fund, $$234\mathrm{.}00.$ C$70.$