Loucks Company established a $380 petty cash fund on October 2, 2021. The fund is replenished at the end of each month. At the end of October 2021, the fund contained $99 in cash and the following receipts:
Orice supplies 132
Advertising 94
Postage 38
Miscellaneous 37
Required: Prepare the necessary general Journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31.
