Prepare the journal entries for the following petty cash transactions of Grayson Gaming Supplies:
Mar. 1 Established a petty cash fund with a $ 150 balance.
31 The petty cash fund has $ 14 in cash and $ 148 in petty cash tickets that were issued to pay for Office Supplies ($ 58) and Entertainment Expense ($ 90). Replenished the fund and recorded the expenditures.
Apr. 15 Increased the balance of the petty cash fund to $ 200.