*Problem 7-2A (Part Level Submission) Forney Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period. July 1 Established petty cash fund by writing a check on Scranton Bank for $220.00. 15 Replenished the petty cash fund by writing a check for $216.50. On this date, the fund consisted of $3.50 in cash and the following petty cash receipts: freight-out $95.70, postage expense $41.70, entertainment expense $48.60, and miscellaneous expense $27.40. 31 Replenished the petty cash fund by writing a check for $211.10. At this date, the fund consisted of $8.90 in cash and the following petty cash receipts: freight-out $79.70, charitable contributions expense $45.20, postage expense $49.20, and miscellaneous expense $37.00. Aug. 15 Replenished the petty cash fund by writing a check for $206.10. On this date, the fund consisted of $13.90 in cash and the following petty cash receipts: freight-out $73.30, entertainment expense $42.00, postage expense $31.50, and miscellaneous expense $62.90. 16 Increased the amount of the petty cash fund to $300.00 by writing a check for $80.00. 31 Replenished the petty cash fund by writing a check for $283.50. On this date, the fund consisted of $16.50 in cash and the following petty cash receipts: postage expense $139.70, travel expense $96.80, and freight-out $45.70. Date Account Titles and Explanation Debit Credit July 1 July 15 July 31 Aug. 15 Aug. 16 Aug. 31