Jamie's Music School created a $200 petty cash fund on March 1. During the month, the fund custodian uthorized and signed petty cash tickets as follows:

Requirements
1. Record the journal entry to create the petty cash fund.
2. Assuming that the cash in the fund totals $45 on March 31, make the journal entry to replenish the petty cash fund.

Transcribed Image Text:

Petty Cash Ticket No. Account Debited Delivery Expense Postage Expense Supplies Expense Miscellaneous Expense Supplies Expense Item Amount $20 40 44 Delivery of programs to customers 1 Mail package 2 Newsletter 3 Key to closet Blank DVDS 4 16 30