XYZ company maintains a petty cash fund for small expenditures. The following transactions occurred month. Established a petty cash fund by writing a check for $400. Replenished the petty cash fund by writing a check for $395.30. On this date the fund consisted of $4.70 in cash and the following petty cash receipts: Freight-m $194.00, postage expense $142.40, entertainment expense $46.60 and miscellaneous expense $10.70. Increased the amount of the petty cash fund to $700