Petty Cash 15 pts Wilkinson Company established a $120 petty cash fund on August 1. On August 31, the fund had $14 cash remaining and petty cash receipts for postage $38, office supplies $30, and miscellaneous expense $38. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 31.

Date Account debit credit

1-Aug

31-Aug