Try another version of this question On July 31, Stitch 'n Style Company's petty cash fund contained coins and currency of $228, an IOU from an employee of $33 and vouchers showing expenditures for postage totaling $120, taxi fare for $48 and $138 to entertain a customer. The Petty Cash account shows a beginning balance of $567. 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 567 Subcategory,Payments - Paid to/Account Account Receivable - Employee IOU 33 Postage 120 Taxi Fare 48 Entertainment 138Single line Total amount of receipts Single line339Single line Expected Petty Cash on Hand Single line228 Actual Petty Cash on Hand 228Single line Amount Over or Short Single line0Single line Amount Requested for Reimbursement Single line339 Date Description Debit Credit July 31 A/R-Employee 33 July 31 Postage Expense 120 July 31 Travel Expense 48 July 31 Entertainment Expense 138 July 31 Cash 339