Try another version of this question On May 31, Stitch 'n Style Company's petty cash fund contained coins and currency of $269, an IOU from an employee of $31 and vouchers showing expenditures for postage totaling $120, taxi fare for $54 and $133 to entertain a customer. The Petty Cash account shows a beginning balance of $607. The fund is replenished on May 31 because financial statements are to be prepared. What journal entry is required on May 31? Description Amount Total Subcategory,Date: May 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 May 31 May 31 May 31 May 31 May 31 Description Amount Total Subcategory,Date: May 31 Petty Cash Fund Amount 607 Subcategory,Payments - Paid to/Account Account Receivable - Employee IOU 31 Postage 120 Taxi Fare 54 Entertainment 133Single line Total amount of receipts Single line338Single line Expected Petty Cash on Hand Single line269 Actual Petty Cash on Hand 269Single line Amount Over or Short Single line0Single line Amount Requested for Reimbursement Single line338 Date Description Debit Credit May 31 A/R-Employee 31 May 31 Postage Expense 120 May 31 Travel Expense 54 May 31 Entertainment Expense 133 May 31 Cash 338