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Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies:

  • March 1: Established a petty cash fund with a balance of $205.
  • March 31: The petty cash fund has cash balance of $23 and petty cash tickets totaling $193 that were issued for Office Supplies totaling $70 and Entertainment Expense of $123. Replenished the fund and recorded the expenditures.
  • April 15: Increased the balance of the petty cash fund to $299.

Petty Cash Reconciliation Report
DescriptionAmountTotal
Subcategory,Date:March 31
Subcategory,Payments - Paid to/Account
Single line
Total amount of receiptsSingle lineSingle line
Expected Petty Cash on HandSingle line
Single line
Amount Over or ShortSingle lineSingle line
Amount Requested for ReimbursementSingle line

Journal
DateDescriptionDebitCredit
March 1
March 1
March 31
March 31
March 31
March 31
April 15
April 15