Petty cash [10 min]
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.
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