Sheridan Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 15 Established the petty cash fund by writing a check payable to the petty cash custodian for $220. Replenished the petty cash fund by writing a check for $216.60. On this date, the fund consisted of $3.40 in cash and these petty cash receipts: freight-out $92.00, entertainment expense $46.50, postage expense $43.50, and miscellaneous expense $33.40. Increased the amount of the petty cash fund to $320 by writing a check for $100.00. Replenished the petty cash fund by writing a check for $303.60. On this date, the fund consisted of $16.40 in cash and these petty cash receipts: postage expense $138.40, entertainment expense $94.60, and freight-out $69.40. 16 31 Date Account Titles and Explanation Debit Credit Aug. 1 Aug. 15 Aug. 16 Aug. 31