11 01:48:23 Long Photography completed the following petty cash transactions during July 2020: July 5 6 11 12 18 27 28 30 31 Prepared a $500 cheque, cashed it, and turned the proceeds and the petty cash box over to Bob Stuart, the petty cashier. Paid $46 COD charges on merchandise purchased for resale. Long Photography uses the perpetual inventory method to account for merchandise inventory. Paid $26 delivery charges on merchandise sold to a customer. Purchased file folders, $76 Purchased paper for printer, $27 Paid $31 COD charges on merchandise purchased for resale. Purchased stamps, $60. Reimbursed Collin Dodge $134 for business car expenses. Shelly Long sorted the petty cash receipts by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures. However, there was $88 in cash in the fund. In addition, the size of the petty cash fund was decreased to $400. Required: 1. Prepare a general journal entry to record establishing the petty cash fund. 2. Prepare a summary of petty cash payments that has these categories; delivery expense, auto expense, postage expense, merchandise inventory, and office supplies. 3. Prepare the general journal entry to record the reimbursement and the decrease of the fund.