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Vaughn Company maintains a petty cash fund for small expenditures. These transactions occurred during the manth of August. Aug. 1 Established the petty cash fund

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Vaughn Company maintains a petty cash fund for small expenditures. These transactions occurred during the manth 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 $215.10. On this date, the fund consisted of $4.90 in cash and these petty cash receipts; freight-out $95, entertainment expense $45.70, postage expense $42.70, and miscellaneous expense $30.10. 16 Increased the amount of the petty cash fund to $310 by writing a check for $90.00. 31 Replenished the petty cash fund by writing a check for $294.50. On this date, the fund consisted of $15.60 in cash and these petty cash receipts: postage expense $138.10, entertainment expense $95.60, and freight-out $59.30. Joumalize the petty cash transactions. (Uist all debit entries before credit entries Credit occount tifles are outomatically indented when amount is entered. Do not indent maruolly. Round anowers to 2 decimol nlaces ee 52.75) (b) Post to the Petty Cashaccount

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