DO IT! Bateer Company established a R$50 petty cash fund on July 1. On July 30, the fund had R$12 cash remaining and petty cash receipts for postage R$14, office supplies R$10, and delivery expense R$ 15. Prepare journal entries to establish the fund on July 1 and to replenish the fund on July 30. Solution July 1 (To establish petty cash fund) 30 (To replenish petty cash) Related exercise material: BE7-9, E7-7, E7-8, and DO IT! 7-3