On June $7,2022,$ Mary decided to set up a petty cash fund for her small business. A cheque of $$125$ was issued and cashed.

The $$125$ cash was given to the store supervisor who was to act as petty cash custodian.

The petty cash custodian was told to obtain authorized vouchers for all payments.

Petty cash was to be replenished when the balance in the cash box reached $$23.$

Required

a$)$ Record the establishment of the fund on June $7.$

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b$)$ On June $19,$ the following summary was prepared.

Prepare the entry to replenish the petty cash.

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c$)$ On June $23,$ it was decided to increase the amount of the petty cash fund from $$125$ to $$175.$

A cheque of $$50$ was issued. Record the transaction.

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