Jasmine Company has established a petty cash fund for small expenditures. Prepare journal entries for the following transactions (omit explanations).
April 5 established a $200 petty cash fund with cash withdrawn from company checking account.
30 The petty cash fund has $10 remaining and is replenished. Expenditures for April were $60 for supplies, $50 for meals, $65 for postage, and $20 for freight-in.
May 31, The petty cash fund has $20 remaining and is replenished. Expenditures for May were $55 for postage, $40 for charitable contributions, $56 for supplies, and $25 for freight-in.