On August 20, 2018, Skyline Enterprises established a $400 petty cash fund. a) Prepare the entry to record the establishment of the fund. b) At the end of the month, the petty cash custodian analyzed all the monthly transactions. She opened the petty cash box and counted $133 cash remaining. There were also two receipts in the petty cash box: receipt # 1: $120 - Entertainment and receipt #2: $131 - Travel. Record the journal entries for this month's expenses and replenish the fund. c) At the end of the month, Skyline Enterprises wanted to increase the petty cash fund by $50. Prepare the journal entry to record the increase in petty cash fund. Do not enter dollar signs or commas in the input boxes. For transactions with more than one debitor credit, enter the accounts in alphabetical order. Date Account Title and Explanation 2018 Debit Credit Aug 20 . Set up the petty cash fund Aug 31 e . Replenish the petty cash fund Aug 31 Increase the petty cash float Contact us