Problem 8-03A a-b (Part Level Submission) (Video)

Concord Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.

Aug. 1		Established the petty cash fund by writing a check payable to the petty cash custodian for $220.
15		Replenished the petty cash fund by writing a check for $215.50. On this date, the fund consisted of $4.50 in cash and these petty cash receipts: freight-out $94.00, entertainment expense $45.50, postage expense $42.50, and miscellaneous expense $31.80.
16		Increased the amount of the petty cash fund to $300 by writing a check for $80.00.
31		Replenished the petty cash fund by writing a check for $283.20. On this date, the fund consisted of $16.80 in cash and these petty cash receipts: postage expense $140.10, entertainment expense $96.70, and freight-out $44.70.

(a) Journalize the petty cash transactions