Question $3(15$ marks$)$

On March $1,$ Year $2,$ Jax Supply established a $$350$ petty cash fund. At the end of March, the petty cash fund contained:

Cash on hand

$$65\mathrm{.}25$

Petty cash tickets for:

Postage

$$95\mathrm{.}50$

Office supplies $,94\mathrm{.}50$

Miscellaneous items $99\mathrm{.}25$

Required

a$.$ Prepare the journal entry to establish the petty cash fund on March $1,$ Year $2.$

b$.$ Prepare the journal entry on March $31$ to replenish the petty cash fund.

c$.$ Assume on March $31,$ after replenishing the petty cash fund, Jax Supply wants to increase the petty cash fund to $$400.$ Prepare the necessary journal entry.