EcoMart establishes a $1,750 petty cash fund on May 2. On May 30, the fund shows $706 in cash along with receipts for the following expenditures: transportation-in, $148; postage expenses, $523; and miscellaneous expenses, $380. The petty cashier could not account for a $7 overage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund [Hint: Credit