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Castillo Company, an HR Consulting firm, established a $250 petty cash fund on February 10....

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Castillo Company, an HR Consulting firm, established a $250 petty cash fund on February 10. On February 28, the fund had $180.14 remaining in cash and receipts for these expenditures: postage, $10.51: office supplies, $50.00; and repair expenses, $10.50. Prepare: a. The February 10 entry to establish the fund, b. The February 28 entry to record the fund transactions and replenish it, and c. Independent of (b), the February 28 entry to record the fund transactions and reduce the fund to $100. Analysis Component: Assume that there was no receipt for the $50.00 of office supplies. Should this amount be reimbursed? Explain why or why not

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