On 1 January, Martin Co establishes a petty cash fund in the amount of $500. On 31 January, the fund is replenished. before replenishment there was $128.75 remaining in the petty cash drawer and the following receipts:

parking fees- $103.50

Postage- $50

Office Supplies- $198

Miscellaneous expenses- $22

Prepare all journal entries necessary to record the establishment and replenishment of the fund.