141. On January 1, 2016, Whitecastle Company established a petty cash fund for $250. On January 31, 2016, when the petty cash fund was replenished, it contained $70.40 in cash and petty cash receipts...

141. On January 1, 2016, Whitecastle Company established a petty cash fund for $250. On January 31, 2016, when the petty cash fund was replenished, it contained $70.40 in cash and petty cash receipts for: postage expense, $49.60; office supplies, $62; entertainment expense, $64.21
Required: a) Prepare the journal entry to establish the petty cash fund.
b) Assuming that Warren treats all disbursements from petty cash as miscellaneous expenses, prepare the journal entry to replenish the fund on January 31.

a)

142. Howard Corporation uses a petty cash system to pay for miscellaneous expenses. Howard established the petty cash fund with $600 on March 1, 2016. On March 31, 2016, the petty cash fund contained $12.98. The custodian of the fund saved the following vouchers for cash payments during March 2016: