On October 1, 2014, Herman Company establishes an imprest petty cash fund by issuing a check for $200 to Jill Gray, the custodian of the petty cash fund. On October 31, 2014, Jill Gray submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $47 cash in the fund: 
Instructions
Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31.
Definitions:
Treasury Bills
Short-term U.S. government debt obligations maturing in one year or less, considered a safe and liquid investment.
Risky Portfolio
A collection of investments that has a higher standard deviation, but potentially higher returns.
Unsystematic Portion
The segment of risk in an investment portfolio that can be mitigated through diversification, specific to individual securities.
Expected Return
The weighted average of all possible returns for an investment, with weights representing the probabilities of each outcome.
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