Dandarion company is a large company that deals with lots of receipts and disbursements during each day. All cash collections and disbursements are managed by different control tools, but as for small disbursements, a petty cash system is used. The company decided to establish a petty cash fund on the beginning of 2020 with $2,760 given to the custodian at 1.1.2020. The company usually replenish the fund twice a year (at the end of June and at year end)

At the end of June, the fund had only 250$ and the following receipts were enclosed with the Replenishing request:

Stamps and postal charges	$1,030
Fright out	$750
Entertainment charges	$450
Travel charges	$57

At the end of December, the fund had only 490$ and the following receipts were enclosed with the Replenishing request:

Stamps and postal charges	$1,650
Fright out	$90
0Entertainment charges	$750
Travel charges	$35

at the beginning of 2021 the company decided to increase the fund by 20%

Required: prepare all required journal entries