Reference no: EM132709855

Question - Swifty Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.

Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $215.

Aug. 15 Replenished the petty cash fund by writing a check for $211.70. On this date, the fund consisted of $3.30 in cash and these petty cash receipts: freight-out $96.00, entertainment expense $45.20, postage expense $43.30, and miscellaneous expense $25.60.

Aug. 16 Increased the amount of the petty cash fund to $325 by writing a check for $110.00.

Aug. 31 Replenished the petty cash fund by writing a check for $308.40. On this date, the fund consisted of $16.60 in cash and these petty cash receipts: postage expense $141.00, entertainment expense $93.60, and freight-out $72.60.

Required - Journalize the petty cash transactions.