PROBLEM 2 On March 1, Granger Sales decides to establish a Petty Cash account to relieve the burden on Accounting March 1 Established a petty cash fund of $400.00 March 31 The amount of cash in the petty cash fund is now $35. The fund is replenished based on the following receipts: office supplies, $177, selling expenses, $192. Journal the transaction on March 1 to establish petty cash. nplenise - don t use March 31 to renlenish petty cash