On January 1, Martin Co. establishes a petty cash fund in the amount of $500. On January 31, the fund is replenished. Before replenishment, there was $128.75 remaining in the petty cash drawer and the following receipts: parking fees, $103.50; postage, $50; office supplies, $198; and miscellaneous expenses, $22.
Required
Prepare all journal entries necessary to record the establishment and replenishment of the fund.