MTR Company maintains a petty cash fund for small expenditures. The following transartions occurred over a 2-month period:

July 1 Established petty cash fund by writing a check on Metro Bank for \(\$ 200\).

15 Replenished the petty cash fund by writing a check for \(\$ 195.00\). On this date the fund consisted of \(\$ 5.00\) in cash and the following petty cash receipts: Freight-in \(\$ 94.00\), postage expense \(\$ 43.00\), entertainment expense \(\$ 46.00\), and miscellaneous expense \(\$ 11.00\).

31 Replenished the petty cash fund by writing a check for \(\$ 192.00\). At this date, the fund consisted of \(\$ 8.00\) in cash and the following petty cash receipts: Freight-in

\(\$ 82.00\), charitable contributions expense \(\$ 30.00\), postage expense \(\$ 48.00\), and miscellaneous expense \(\$ 32.00\).
Aug. 15 Replenished the petty cash fund by writing a check for \(\$ 188.00\). On this date, the fund consisted of \(\$ 12.00\) in cash and the following petty cash receipts: Freight-in \(\$ 75.00\), entertainment expense \(\$ 43.00\), postage expense \(\$ 34.00\), and miscellaneous expense \(\$ 38.00\).
16 Increased the amount of the petty cash fund to \(\$ 300\) by writing a check for \(\$ 100\).
31 Replenished petty cash fund by writing a check for \(\$ 283.00\). On this date, the fund consisted of \(\$ 17\) in cash and the following petty cash receipts: Postage expense \(\$ 145.00\), entertainment expense \(\$ 91.00\), and freight-in \(\$ 44.00\).
\section*{Instructions}

(a) Journalize the petty cash transactions.

(b) Post to the Petty Cash account.

(c) What internal control features exist in a petty cash fund?