Chapter 7 Question 2

Answer all the requirements, please.

_ori's Dance Studio created a $350 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: (Click the icon to view the petty cash tickets.) Read th Data table Requirements 1. Make the general journal entry to create the petty cash fund. Include an explanation. 2. Make the general journal entry to record the petty cash fund replenishment. Cash in the fund totals $125. Include an explanation. 3. Assume that Lori's Dance Studio decides to decrease the petty cash fund to $250. Make the general journal entry to record this decrease