ABC Store (A Proprietorship) established a petty cash fund on August 1. A cheque for $350 payable to cash was given to Carl (the petty cashier) who cashed it and placed the money in the petty cash box. The following petty cash transactions were also completed during August: Aug 2 Paid $150 for inventory. Aug 10 Paid $15.90 for the delivery of the inventory purchased above. Aug 15 Paid $130 for building repairs. Aug 24 Purchased toner for the printer, $24.50 Aug 28 Paid $22.60 for the delivery to a customer, FOB destination. Note that the business uses a periodi inventory system. The cash in the cash box was counted on August 31 and its total was $5.50. A cheque was issued and cashed on August 31 to replenish the petty cash fund and increase it to $400.00. a) Prepare the journal entry to record the establishment of the petty cash fund on August 1. (3 marks) b) Prepare the journal entry to record the reimbursement of the petty cash fund and the increase in the fund to $400 on August 31. Use proper account titles e.g. Office Supplies, Advertising, Repairs Exp. Withdrawals, Freight Out, Freight In, Telephone Exp ect. (12 marks)