Exercis0 7-16 Sandhil Company maintains a petty cash fund for smal expendit ras. These transactions occirrad during the manth of August. Aug. 1 Established the petty cesh fund by writing a cneck payable to the petty cash custodian for $242.00 15 Replenished the petty cash fund by writing a check for $196.00. On this date, the fund consisted of $46.00 in cash and these petty cash receipts: fre ght-out $53.40, entertainment expense $15.00, postage expense $12.70 and miscellaneous expense $112.50 16 ncreased the amount of the petty cash fund to $442.00 by writing a check for $200.0 31 Replenished the petty cash fund by writing a check ar $304.Dtan this date, the fund consisted of $138.0) in cash and these petty cash receipts: pastage expense 124.Da, entertainment expense $153 a and freg t cut $25 4D. Your answer is partially carract. Try again. ournalize 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.) Date Account Titles and Explanation Debit Credit Aug. 1 Petty Cash 242 Aug. 15 Petty Cash Cash 53.4 Postage Expanse 12.70 112.50 Aug. 16 Petty Cash Cash Aug- 31 Freight-Out 25 153.60 Postage Expanse 124 Over and Short Your answer is partially correct. Try again. Past to the Petty Cesh account. (Post entries in the order of journal entries posted in part (a).,) Petty Cash 8/16 8/31 Ba. Click if you would like to Show Work for this question: Dnen Show Wark