Try another version of this question On January 31, Stitch 'n Style Company's petty cash fund contained coins and currency of $264, an IOU from an employee of $25 and vouchers showing expenditures for postage totaling $124, taxi fare for $53 and $137 to entertain a customer. The Petty Cash account shows a beginning balance of $603. The fund is replenished on January 31 because financial statements are to be prepared. What journal entry is required on January 31? Description Amount Total Subcategory,Date: January 31 Subcategory,Payments - Paid to/Account Single line Total amount of receipts Single lineSingle line Expected Petty Cash on Hand Single line Single line Amount Over or Short Single lineSingle line Amount Requested for Reimbursement Single line Date Description Debit Credit January 31 January 31 January 31 January 31 January 31 Description Amount Total Subcategory,Date: January 31 Petty Cash Fund Amount 603 Subcategory,Payments - Paid to/Account Account Receivable - Employee IOU 25 Postage 124 Taxi Fare 53 Entertainment 137Single line Total amount of receipts Single line339Single line Expected Petty Cash on Hand Single line264 Actual Petty Cash on Hand 264Single line Amount Over or Short Single line0Single line Amount Requested for Reimbursement Single line339 Date Description Debit Credit January 31 A/R-Employee 25 January 31 Postage Expense 124 January 31 Travel Expense 53 January 31 Entertainment Expense 137 January 31 Cash 339