Waterway Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.
Replenished the petty cash fund by writing a check for $289.00. On this date, the fund consisted of $16.00 in cash and these petty cash receipts: postage expense $140.40, entertainment expense $92.80, and freight-out $54.10.
Journalize the petty cash transactions and post to the Petty Cash account.
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