A company started a petty cash box in its office by transferring $100 from its chequing account to its petty cash box. During the month, the company spent $40 for paying courier deliveries, $20 for purchasing donuts, and $5 for paying parking meters. At the end of the month, there is $35 left in the petty cash box. Which one of the following is correct regarding the journal entries for the petty cash? To replenish the petty cash at the end of the month, the bank account should be credited $65 To replenish the petty cash at the end of the month, the bank account should be credited $100 The journal entry to setup the petty cash initially would require a credit to petty cash for $100 To replenish the petty cash at the end of the month, the petty cash account should be debited $100