The following petty cash transactions of Grayson Gaming Supplies occurred in March:
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Mar 1 |
Established a petty cash fund with a $150 balance. |
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31 |
The petty cash fund has $14 in cash and $148 in petty cash |
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tickets that were issued to pay for Office supplies ($58) and |
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Entertainment expense ($90). Replenished the fund with $136 |
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of cash and recorded the expenses. |
Requirement
1. Prepare journal entries without explanations.