Gem Consulting established a $ 500 imprest petty cash fund at the beginning of the year. The fund custodian held the cash to be used to pay minor expenditures. During the year, the custodian paid the following expenditures from the petty cash fund:
Meal receipts …………………………….. $ 174
Postage…………………………………….. 153
Supplies……………………………………. 145
Parking and Tolls…………………………. 23
At the end of the year, $ 7 remained in the fund. The custodian took the petty cash receipts to the controller, requesting reimbursement. Prepare the journal entries to record the current year’s activity in the petty cash fund.