Round- up Garden Center established a $ 200 imprest petty cash fund at the beginning of the year. The beginning of the year. The fund custodian held the cash to be used to pay minor expenditures. During the year, the following expenditures were paid from the petty cash fund:
Parking and Tolls……………………… $ 36
Meal Receipts ………………………… 98
Postage………………………… 63
At the end of the year, $ 2 remained in the fund. The custodian took the petty cash receipts to the controller, requesting reimbursement. At that time, the controller increased the imprest petty cash fund to $ 250. Prepare the journal entries to record the current year’s activity in the petty cash fund.