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Vaughn Corrpany maintains a petty cash fund for small expenditures. These tranactiors occurred during the month of Ausust. Auz 1 Established the petty cash fund

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Vaughn Corrpany maintains a petty cash fund for small expenditures. These tranactiors occurred during the month of Ausust. Auz 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $220. 15 Repleniched 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 , entertainment expense $45.70, postage copanse $4270, and miscellaneous expenst $30.10. 16 Increased the amount of the petty cash fund to $310 by writing a check for 590,00 . 31 Replenished the petty cash fund by writing a checkfor $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 (a) Date Acoount ntles and Explanation Debit Debit Credit (b) Post to the Petty Cash account. Vaughn Company maintains a petty cash fund for small expenditurs These tranactions 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. 15 Replenished the petty cash fund by writine a check for 5215.10 . On this date the fund comisted of 54.90 in cath and these petty cash recelpts freight-out 595 , entertainment expense 545.70 , postage epence 542,70 , and micellanious experse 530.10 16 Incressed the amount of the petty cash furd to $310 by writing a check for $9000 31 Replenished the petty cash fund by writing a check for 5294.50 . Onthis date, the fund conaisted of 515.60 incesh and these petty cash receipts: postage expense $138.10, entertainment epense $95.60, and freight-out 559.30

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