XYZ Company maintains a petty cash fund for small expenditures. The following transactions occurred over $1-$

month period.

July $1$ Established petty cash fund for $$200.$

$5$ Opened a bank account and deposited $$10,000.$

$15$ Replenished the petty cash fund for $$194\mathrm{.}00.$ On this date the fund consisted of $$6\mathrm{.}00$ in cash and the

following petty cash receipts: freight$-$out $$94\mathrm{.}00,$ postage expense $$42\mathrm{.}40,$ entertainment expense $$46\mathrm{.}60,$ and

miscellaneous expense $$11\mathrm{.}20.$

$18$ Received a maturity check for $$1,000$ and a promissory note for $$2,000$ as a settlement of an account

receivable.

$20$ Purchased goods for $$5,000.$ Issued a daily check for $$1,500,$ endorsed the maturity check $($received above$)$

and he rest is on account.

$31$ Replenished the petty cash fund for $$193\mathrm{.}00.$ At this date, the fund consisted of $$7\mathrm{.}00$ in cash and the

following petty cash receipts: freight$-$out $$82\mathrm{.}10,$ postage expense $$25\mathrm{.}50,$ charitable contribution expense

$$45\mathrm{.}00,$ and miscellaneous expense $$39\mathrm{.}40.$

$31$ Increased the amount of the petty cash fund to $$300.$

Instructions

$($a$)$ Journ$$lize the transactions.

$($b$)$ Post to the related account.