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Concord Compary maintairs a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug 1 Established the petty cash fund
Concord Compary maintairs a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug 1 Established the petty cash fund by writing a check payable to the petty cash custodian for \$205. 15 Replenished the petty cash fund by writing a check for $20000, On this date, the fund consisted of $5,00 in cash and these petty cash receipts: freight-out $92, entertairment expanse $47.00, postage expense $42.60, and miscellineous experse $17.00. 16. Increased the amount of the petty cash fund to $320 by writing a check for $115,00. 31 Replenished the petty cash fund by writing a check for $303.50. On this date, the fund consisted of $16,50 in cash and these petty cash receipts postage experse $139.80, entertainment expense $93.30, and freight -out $68,60 Journalize the petty cash transactions. (Uist ail debit entries before credit entries. Credit occount tides ane automatically indented when amount is entered. Do not indent marually. Round answers to 2 decimal places, es. 52.75. Post to the Petty Cash account
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