E7.23 (LO6) (Petty Cash) The petty cash fund of Teasdale's Auto Repair Service, a sole proprietorship, contains the following.

1. Coins and currency $ 10.20
2. Postage stamps 7.90
3. An I.O.U. from Richie Cunningham, an employee, for cash advance 40.00
4. Check payable to Teasdale's Auto Repair from Pottsie Weber, an employee, marked NSF 34.00
5. Vouchers for the following:

Stamps $ 20.00

Two Premier Cup tickets for Nick Teasdale 170.00

Printer cleaning 14.35 204.35

$296.45

The general ledger account Petty Cash has a balance of $300.

Instructions Prepare the journal entry to record the reimbursement of the petty cash fund