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3) Janet Lee Music created a petty cash fund on July 1, 2017 with an imprest balance of $200. During July, Gerry Lynn, the fund

3) Janet Lee Music created a petty cash fund on July 1, 2017 with an imprest balance of $200. During July, Gerry Lynn, the fund custodian, signed the following petty cash tickets: Ticket # Item Amount 1 Office supplies $19.42 2 Postage 9.00 3 Courier charges 12.00 4 Sheet music 77.33 5 Office supplies 29.14 On July 31, prior to the replenishment, the fund contained these tickets plus $55.11. Required: Prepare journal entries to create the fund, replenish the fund, and increase the fund to $250. (10%)image text in transcribed

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