Arne Repairs completed the following petty cash transactions during July of this year" Prepared a $250 cheque, cashed it and turned the proceeds over to Grover Schmidt, the custodian of the petty cash. Paid $24.00 in C.O.D charges on merchandise purchased for resale. They use the perpetual system to account for merchandise inventory Purchased file folders for $10 Paid $19.50 delivery charges on merchandise sold to a customer Reimbursed Colin Smith, owner of the business for $8, 20 for office supplies purchased Purchased $12 of copier paper for the printer from Staples Paid $20 for merchandise for resale Purchased $13.00 in postage Reimbursed Colin Smith for $52./00 in business expenses Grover sorted the petty cash vouchers by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures. The sum of the petty cash was changed to $400. REQUIRED Prepare the journal entry to originally establish the account. Prepare a summary of cash payment & the journal entries to record the reimbursement Prepare the journal entry to change the change in amount of petty cash