Transcribed Image Text: Prepare the journal entries for the following petty cash transactions of Hank Gaming Supplies: Mar. 1 Established a petty cash fund with

Transcribed Image Text: Prepare the journal entries for the following petty cash transactions of Hank Gaming Supplies:
Mar. 1
Established a petty cash fund with a $250 balance.
The petty cash fund has $24 in cash and $234 in petty cash tickets that were issued to pay for Office Supplies ($44)
and Entertainment Expense ($190). Replenished the fund and recorded the expenses.
Mar. 31
Apr. 15
Increased the balance of the petty cash fund to $350.
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.
Date
Accounts and Explanation
Debit
Credit
Mar. 1
Journalize the replenishment of the fund.
Date
Accounts and Explanation
Debit
Credit
Mar. 31
Journalize the increase of the petty cash fund.
Date
Accounts and Explanation
Debit
Credit
Аpг. 15
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