Crane Company maintains 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 $204.00. 15Replenished the petty cash fund by writing a check for $177.00. On this date , the fund consisted of $27.00 in cash and these petty cash receipts : freight-out $72.40entertainment expense $34.00, postage expense $31.70 and miscellaneous expense $36.80 . 16 Increased the amount of the petty cash fund to $404.00 by writing a check for $200.00 . 31 Replenished the petty cash fund by writing a check for $285.00 On this date, the fund consisted of $119.00 in cash and these petty cash receipts : postage expense $144.00 , entertainment expense $ 93.60 , and freight -out $46.40

Crane Company maintains 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 $204.00. 15 Replenished the petty cash fund by writing a check for $177.00. On this date, the fund consisted of $27.00 in cash and these petty cash receipts: freight-out $72.40, entertainment expense $34.00, postage expense $31.70 and miscellaneous expense $36.80. 16 Increased the amount of the petty cash fund to $404.00 by writing a check for $200.00. 31 Replenished the petty cash fund by writing a check for $285.00. On this date, the fund consisted of $119.00 in cash and these petty cash receipts: postage expense $144.00, entertainment expense $93.60, and freight-out $46.40. (a) Your answer is partially correct. Journalize the petty cash transactions. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) \begin{tabular}{ll|l} Aug. 1 & v & Petty Cash \end{tabular} 200 Cash Aug. 15 Freight-Out 92 Entertainment Expense 45 Postage Expense 40 Miscellaneous Expense 19 Cash Over and Short 1 Cash 19 Aug. 16 Petty Cash Cash Aug. 31 Freight-Out Entertainment Expense Postage Expense Cash Over and Short 53.50 10 92 138 8 1