Prepare the Journal Entries for the Following Petty Cash Transactions

Essay

Prepare the journal entries for the following petty cash transactions of Morrison Dental Supplies.
$$\begin{array} { | l | l | } \hline \text { Aug. } 1 & \text { Established a petty cash fund with a } \$ 200 \text { balance. } \\\hline & \begin{array} { l } \text { The petty cash fund has } \$ 43 \text { in cash and } \$ 154 \text { in petty } \\\text { cash tickets there were issued to pay for Office Expense } \\( \$ 75 ) \text { and Repair Expense ( } \$ 79 ) \text {. Replenished the fund }\end{array} \\\text { Aug. 31}& \text {and recorded the expenditures. } \\\hline \text { Oct. 15}&\text { Increased the balance of the petty cash fund to } \$ 250 .\\\hline \end{array}$$