The Acme Express Agency is starting a Voucher system to strenghen the Internal Controls over Cash Payments and has decided to set up a Petty Cash Fund for small cash payments. On June 1, the Fund was set up for $300. On June 30, the fund is replenished when there is $35 in Cash and receipts for Supplies purchased, $125, Travel Expenses, $65, Blostage paid, $48, and Misc. Exp, $28, in the Petty Cash box. Please show the Journal Entries for the set-up and this first replenishment. Date Account Name Debit Credit
