Sheridan 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.

Aug. 15 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.

Aug.16 Increased the amount of the petty cash fund to $320 by writing a check for $100.00.

Aug. 31 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.

Date Credit Account Titles and Explanation Petty Cash TCash Aug. 15 Freight-Out Entertainment Expense Postage Expense Miscellaneous Expense Cash Over and Short Cash Aug. 3 Petty Cash Aug. 31 Freight-Out Charitable Contribution Expense Postage Expense Miscellaneous Expense Cash x your answer is incorrect. Try again. Post to the Petty Cash account. (Post entries in the order of journal entries presented in the previous part.) Petty Cash Click if you would like to Show Work for this question: Open Show Work