Concord Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August

POST TO THE PETTY CASH ACCOUNT

Concord Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 15 Established the petty cash fund by writing a check payable to the petty cash custodian for $220. Replenished the petty cash fund by writing a check for $215,50. On this date, the fund consisted of $4.50 in cash and these petty cash receipts: freight-out $94, entertainment expense $45.50, postage expense $42.50, and miscellaneous expense $31.80 Increased the amount of the petty cash fund to $300 by writing a check for $80.00 Replenished the petty cash fund by writing a check for $283.20. On this date the fund consisted of $16.80 in cash and these petty cash receipts: postage expense $140.10, entertainment expense $96.70, and freight-out $44.70. 16 31 (b) Post to the Petty Cash account Petty Cash