1.Prepare the journal entry to replenish the fund to $1,100.

2. Prepare the journal entry to increase the fund to $1,300.

NIG PLUS Weygandt, Accounting Principles, Seventh Canadian Edition, Volume 1 Stem Ancement Seart Time: 05 /mng: 5) in NEXT URCES NOQ Question 7 Kingbird Airline needs to send out one of its employees to Nunavut for three weeks to perform some repairs on some aircraft it owns. Some of the payments to be made for the supplies needed on the assignment will be paid from a petty cash fund. Kingbird issued a cheque in the amount of $1,100.00 to establish the fund. After a few days at the assignment, the employee returned the following vouchers and receipts along with a report that the fund had $373.65 left in cash. Kingbird decided to increase the petty cash fund to $1,300.00 Receipt Amount Description $27.20 Taxi ride from airport to job site 42.85 FedEx charges for delivering plane parts 3 3 6.05 Long distance telephone charges 74.00 Cleaning suppe Cleaning supplies - all used 333.25 Air freight to ship parts out for overhaul 92.50 Small tools replaced 46.45 Tarp to protect engine from elements 67.50 Grease and oil supplies - all used Prepare the journal entry to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manual select "No Entry" for the account tities and enter for the amounts.) Account Titles and Explanation Credit Petty Cash Prepare the journal entry to replenish the fund to $1,100.00. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter for the amounts. Round answers to 2 decimal places, eg. 52.75.) Account Tities and Explanation DER Credit MacBook Pro