Based on the following petty cash information, prepare a. the journal entry to establish a petty cash fund
b. the journal entry to replenish the petty cash fund.

On January 1, 2021, a check was written in the amount of $200 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cash drawer:

Voucher No. Account Debited Amount
1 Phone Expense $17.50
2 Automobile Expense 33.00
3 Joseph Levine, Drawing 54.00
4 Postage Expense 12.50
5 Charitable Contributions Expense 15.00
6 Miscellaneous Expense 49.00

a. Date  Description            Debit     Credit

Jan 1         Petty cash             $200

                     Cash                               $200    

                (Establishment of petty cash fund)

b. Date  Description                      Debit       Credit

Jan 31      Phone Expense            $17.50

               Automobile Expense        $33

               Joseph Levine, Drawing   $54

               Postage Expense              $12.50

               C. Contributions Expense $15

               Miscellaneous Expense    $49

                       Petty cash                                  $181

               (Replenishment of petty cash fund)

you had the wrong answer

answer; the correct answer to the above statement is (true);