Journalize the following petty cash transactions for Acme Corp:

Jan 1 The company decides to create a petty cash system and sets up Petty Cash with a $100 total.

Jan 30 Petty cash is reconciled and needs to be replenished. The reconciliation shows $85 of invoices

($20 for postage, $50 for courier and $15 for office supplies). There was also $5 in coin counted

in the petty cash box.

Feb 28 Petty cash is reconciled and needs to be replenished. The reconciliation shows $92 of invoices

($40 for postage and $52 for courier). There was also $10 in coin counted in the petty cash box.

March 1 The company decided to increase the petty cash amount by $50.

Requirent add:

Calculate the ending balance for petty cash after the March 1 journal entry