Crown Company established a petty cash fund of $600 for incidental expenditures on January 2, 2019. At the end of the month, the count of cash on hand indicated that $56.35 remained in the fund. A sorting of petty cash vouchers disclosed that the following expenses had been incurred during the month, and the fund was replenished. Postage Expense $250.40
Office Supplies Expense 160.90
Miscellaneous Expense 124.05Required:
Prepare the journal entries necessary to record Crown’s petty cash transactions during January.

CHART OF ACCOUNTS
Crown Company
General Ledger
ASSETS
111 Cash
114 Petty Cash
121 Accounts Receivable
141 Inventory
152 Prepaid Insurance
181 Equipment
198 Accumulated Depreciation
LIABILITIES
211 Accounts Payable
231 Salaries Payable
250 Unearned Revenue
261 Income Taxes Payable
EQUITY
311 Common Stock
331 Retained Earnings
REVENUE
411 Sales Revenue
EXPENSES
500 Cost of Goods Sold
511 Insurance Expense
512 Utilities Expense
521 Salaries Expense
532 Bad Debt Expense
535 Office Supplies Expense
536 Postage Expense
540 Interest Expense
541 Depreciation Expense
559 Miscellaneous Expenses
600 Cash Short and Over