Exercise 7-31 (Algo) Petty cash (Appendix 7A] Loucks Company established a $320 petty cash fund on October 2, 2021. The fund is replenished at the end of each month. At the end of October 2021, the fund contained $85 in cash and the following receipts: Office supplies Advertising Postage Miscellaneous $100 72 32 31 Required: Prepare the necessary general journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the transaction to establish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit October 02, 2021 Record entry Clear entry View general journal Exercise 7-31 (Algo) Petty cash (Appendix 7A] Loucks Company established a $320 petty cash fund on October 2, 2021. The fund is replenished at the end of each month. At the end of October 2021, the fund contained $85 in cash and the following receipts: $100 Office supplies Advertising Postage Miscellaneous 72 32 31 Required: Prepare the necessary general journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the transaction to replenish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit October 31, 2021 Record entry Clear entry View general journal