Exercise 7-15 Your answer is partially correct. Try again. During October, Blossom Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a check for $146.00 issued to the petty cash custodian. 31 A check was written to reimburse the fund and increase the fund to $196.00. A count of the petty cash fund disclosed the following items: $59.00 1.95 Currency Coins Expenditure receipts (vouchers): Supplies Telephone, Internet, and fax Postage Freight-Out $24.85 15.15 38.45 5.55 Date Account Titles and Explanation Debit Credit Oct. 1 Petty Cash 146 Cash 146 > Oct. 31 Supplies 24.85 Postage Expense 38.45 Freight-Out 5.55 X Cash Over and Short Petty Cash 50 Utilities Expense 15.15 X