1. Prepare the entry to replenish the $200 petty cash fund of Aaron Company, assuming the fund has receipts for: freight-out $60, postage $105, and miscellaneous expense $25 on May 31, 2018. The fund contains $8 in cash. Journal Entry form.
2. On October 1, 2018, Smith Company establishes an imprest petty cash fund by issuing a check for $200 to Erin Smith, the custodian of the petty cash fund. On October 31, 2018, Erin Smith submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $32 cash in the fund:

Freight-In $28

Supplies Expense 42

Entertainment of Clients 65

Postage Expense 30

C. Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31. (5 Points) Journal Entry form