S-F:7-5 Journalizing petty cash Learning Objective 4 Prepare the journal entries for the following petty cash transactions of Online 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 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.