Problem 8-03A a-b (Part Level Submission) (Video) Waterway 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 $225. 15 Replenished the petty cash fund by writing a check for $221.90. On this date, the fund consisted of $3.10 in cash and these petty cash receipts: freight-out $93.00, entertainment expense $48.30, postage expense $42.10, and miscellaneous expense $36.80. 16 Increased the amount of the petty cash fund to $305 by writing a check for $80.00. 31 Replenished the petty cash fund by writing a check for $288.10. On this date, the fund consisted of $16.90 in cash and these petty cash receipts: postage expense $141.80, entertainment expense $95.60, and freight-out $49.50.

Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)