Try another version of this question On May 31, Stitch 'n Style Company's petty cash fund contained coins and currency of $279, an IOU from an employee of $29 and vouchers showing expenditures for postage totaling $123, taxi fare for $52 and $138 to entertain a customer. The Petty Cash account shows a beginning balance of $621. 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 621 Subcategory,Payments - Paid to/Account Account Receivable - Employee IOU 29 Postage 123 Taxi Fare 52 Entertainment 138Single line Total amount of receipts Single line342Single line Expected Petty Cash on Hand Single line279 Actual Petty Cash on Hand 279Single line Amount Over or Short Single line0Single line Amount Requested for Reimbursement Single line342 Date Description Debit Credit May 31 A/R-Employee 29 May 31 Postage Expense 123 May 31 Travel Expense 52 May 31 Entertainment Expense 138 May 31 Cash 342