Try another version of this question On July 31, Stitch 'n Style Company's petty cash fund contained coins and currency of $245, an IOU from an employee of $35 and vouchers showing expenditures for postage totaling $125, taxi fare for $49 and $136 to entertain a customer. The Petty Cash account shows a beginning balance of $590. The fund is replenished on July 31 because financial statements are to be prepared. What journal entry is required on July 31? Description Amount Total Subcategory,Date: July 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 July 31 July 31 July 31 July 31 July 31 Description Amount Total Subcategory,Date: July 31 Petty Cash Fund Amount 590 Subcategory,Payments - Paid to/Account Account Receivable - Employee IOU 35 Postage 125 Taxi Fare 49 Entertainment 136Single line Total amount of receipts Single line345Single line Expected Petty Cash on Hand Single line245 Actual Petty Cash on Hand 245Single line Amount Over or Short Single line0Single line Amount Requested for Reimbursement Single line345 Date Description Debit Credit July 31 A/R-Employee 35 July 31 Postage Expense 125 July 31 Travel Expense 49 July 31 Entertainment Expense 136 July 31 Cash 345