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  3. prepare the joumal entries for the following petty

Prepare the joumal entries for the following petty cash transactions of Malden Gaming Supplies Dec....

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Accounting

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Prepare the joumal entries for the following petty cash transactions of Malden Gaming Supplies Dec. 1 Established a petty cash fund with a $200 balance Dec. 31 The petty cash fund has $19 in cash and $192 in petty cash tickets that were issued to pay for Ottice Supplies (\$72) and Entertainment Expense (\$120). Replenishod the fund and recorded the expenses Jan.15 Increased the balance of the petty cash fund to $250 Prepare journal enties (Record debis first then, crodits. Solect the explanation on the last line of the journal entry table) Journalize the establishment of the petfy cash fund Journalue the replenishment of the fund Journalize the increase of the petty cash fund

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