Bonth Company established a $600 petty cash fund by issuing a check to the custodian on July 1. On July 31, the petty cash fund was replenished and increased to $1,000 in total. The contents of the petty cash fund at the time of the July 31 replenishment were:

Bonth Company established a $600 petty cash fund by issuing a check to the custodian on July 1. On July 31, the petty cash fund was replenished and increased to $1,000 in total. The contents of the petty cash fund at the time of the July 31 replenishment were: Currency and coins $24 Petty cash receipts for: Food $78 Supplies 176 Repairs to office Chair 54 Postage 128 Entertainment of customers 136 572 Total $596 A. Prepare the journal entries to establish the fund on March 1 and to reimburse the fund on March 28