Loucks Company established a $240 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 $53 in cash and the following receipts:

Office supplies	$	84
Advertising		56
Postage		24
Miscellaneous		23

Required: Prepare the necessary general journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31.