A Requirements 1. Explain the characteristics and the internal control features of an imprest fund. 2. On June 30, how much cash should the petty cash fund hold before it is replenished? 3. Journalize all required entries to create the fund and replenish it. Include explanations. 4. Make the July 1 entry to increase the fund balance to $550. Include an explanation, and briefly describe what the custodian does. Print Done i Data Table Petty Cash Ticket Number Item Amount 101 Office supplies Cab fare for executive Delivery of package across town Business dinner Merchandise inventory Print Done Journalize the replenishment of the fund. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit June 30 Requirement 4. Make the July 1 entry to increase the fund balance to $550. Include an explanation, and briefly describe what the custodian does. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Make the entry July 1 to increase the fund balance to $550. Date Accounts and Explanation Debit Credit July 1 Briefly describe what the custodian does. The custodian the check and places $ of currency and coin Choose from any list or enter any number in the input fields and then continue to the next question. A Requirements 1. Explain the characteristics and the internal control features of an imprest fund. 2. On June 30, how much cash should the petty cash fund hold before it is replenished? 3. Journalize all required entries to create the fund and replenish it. Include explanations. 4. Make the July 1 entry to increase the fund balance to $550. Include an explanation, and briefly describe what the custodian does. Print Done i Data Table Petty Cash Ticket Number Item Amount 101 Office supplies Cab fare for executive Delivery of package across town Business dinner Merchandise inventory Print Done Journalize the replenishment of the fund. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit June 30 Requirement 4. Make the July 1 entry to increase the fund balance to $550. Include an explanation, and briefly describe what the custodian does. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Make the entry July 1 to increase the fund balance to $550. Date Accounts and Explanation Debit Credit July 1 Briefly describe what the custodian does. The custodian the check and places $ of currency and coin Choose from any list or enter any number in the input fields and then continue to the next