Current Attempt in Progress

Blossom Ltd$.$ designated Alexa Kidd as petty cash custodian and established a petty cash fund of $\backslash (\backslash$$ $400\backslash ).$ The fund was reimbursed when the cash in the fund was at $\backslash (\backslash$$ $55\backslash ).$ Petty cash receipts show that funds were disbursed for $\backslash (\backslash$$ $173\backslash )$ of supplies and $\backslash (\backslash$$ $165\backslash )$ of freight charges on inventory purchases. Blossom uses a perpetual inventory system and records supplies purchased to an asset account.

Prepare journal entries for the establishment of the fund and the reimbursement. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

$($To record establishment of the fund$)$

$($To record the reimbursement of the fund$)$