establishment of fund:

petty cash fund xx

cash in bank xx

payment of expenses out of the petty cash fund:

expenses xx

petty cash fund xx

No.

Fluctuating fund system is handling petty cash fund wherein every expenses/voucher is debited directly with petty cash fund as a credit. The petty cash fund is debited only whenever there is a replenishment wherein the proforma entry is:

A company check in the amount of $219 would replenish the funds.

yes. the entry should be:

petty cash fund debit

cash in bank credit