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Vaughn Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period, July 1 15 31 Established petty cash

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Vaughn Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period, July 1 15 31 Established petty cash fund by writing a check on Scranton Bank for $220.00, Replenished the petty cash fund by writing a check for $215.10. On this date, the fund consisted of $4.90 in cash and these petty cash receipts freight-out 595.00, entertainment expense $45.70, postage expense $42.70, and miscellaneous expense $30.10 Replenished the petty cash fund by writing a check for $205.20. At this date the fund consisted of $14.80 in cash and the following petty cash receipts.freight-out $84, 10, charitable contributions expense $46.60, postage expense $29.70, and miscellaneous expense $44 80 Replenished the petty cash fund by writing a check for $185.00. On this date, the fund consisted of $12.00 in cash and the following petty cash receipts freight out $78,10, entertainment expense $45.50, postage expense $3340, and miscellaneous expense $35.80 Increased the amount of the petty cash fund to $310.00 by writing a check for $90.00 Replenished the petty cash fund by writing a check for $294.40. On this date the fund consisted of $15.60 in cash and these petty cash receipts postage expense 5138.10. entertainment expense $95.50, and freight-out $59.30 Aug. 15 16 31 Jumphony de 5273 Debit Date Credit Account Tities and Explanation Post to the Petty Cash account. (Post entries in the order of journal entries presented in the previous part.) Petty Cash Credit Balance Date Debit Explanation Ref July 1 CP Aug. 16 CP

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