Prepare the journal entries for the following petty cash transactions.docx

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Prepare the journal entries for the following petty cash transactions of Malden Gaming Supplies: Prepare the journal entries for the following petty cash transactions of Malden Gaming Supplies: Oct. 1 Established a petty cash fund with a $250 balance. Oct. 31 The petty cash fund has $24 in cash and $231 in petty cash tickets that were issued to pay for Office Supplies (\$81) and Entertainment Expense (\$150). Replenished the fund and recorded the expenses. Nov. 15 Increased the balance of the petty cash fund to $300 . Prepare journal entries. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Journalize the establishment of the petty cash fund. .

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