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Crane Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug 1 15 Established the petty cash

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Crane 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 $205, Replenished the petty cash fund by writing a check for $201.30. On this date, the fund consisted of $3.70 in cash and these petty cash receipts: freight-out $93.00, entertainment expense $47.10. postage expense $40,80, and miscellaneous expense $18.80 Increased the amount of the petty cash fund to $325 by writing a check for $120.00. Replenished the petty cash fund by writing a check for $308.70, On this date, the fund consisted of $16.30 in cash and these petty cash receipts: postage expense $139.20. entertainment expense $95.20, and freight-out $72.50. 16 31 (6) Post to the Petty Cash account. (Post entries in the order of journal entries presented in the previous part) Petty Cash Save for Later Attempts: 0 of 1 used Submit

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