The following petty cash transactions of Grayson Gaming Supplies occurred in March:

Mar 1

Established a petty cash fund with a $150 balance.

31

The petty cash fund has $14 in cash and $148 in petty cash

 

tickets that were issued to pay for Office supplies ($58) and

 

Entertainment expense ($90). Replenished the fund with $136

 

of cash and recorded the expenses.

Requirement

1. Prepare journal entries without explanations.