K 8. The following petty cash transactions of Gray Golf Equipment occurred in May: Established a petty cash fund with a $200 balance. May 1 May 31 The petty cash fund has $30 in cash and $159 in petty cash tickets that were issued to pay for Office Supplies ($65), Delivery Expense ($34), Postage Expense ($54) and Miscellaneous Expense ($6). The petty cash custodian replenished the fund and recorded the expenses. 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. Accounts and Explanation Date May 1 Journalize the replenishment of the fund. Date May 31 Accounts and Explanation . Debit Debit Credit Credit

8. The following petty cash transactions of Gray Golf Equipment occurred in May \begin{tabular}{|c|c|} \hline May 1 & Established a pelty cash fund with a $200 balance \\ \hline May 31 & \begin{tabular}{l} The petty cash fund has $30 in cash and $159 in petty cash tickets that were issued to pay for Office \\ Supplies ($65), Delivery Expense ( $34), Postage Expense ($54) and Miscellaneous Expense ($6). The \\ petty cash custodian replenished the fund and recorded the expenses \end{tabular} \\ \hline \end{tabular} 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 Inumalize the replenishment of the fund. Journalize the establishment of the petty cash fund Journalize the replenishment of the fund