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Chen Company established a $1,450 petty cash fund on January 1, Year 1. Required: a. Is the establishment of the petty cash fund an asset

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Chen Company established a $1,450 petty cash fund on January 1, Year 1. Required: a. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Show the establishment of the petty cash fund in the following horizontal statements model: Complete this question by entering your answers in the tabs below. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? Chen Company established a $1,450 petty cash fund on January 1, Year 1. Required: 0. 1s the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Show the establishment of the petty cash fund in the following horizontal statements modet: Complete this question by entering your answers in the tabs below. Show the estabiciment of the petty cach fund in the folowing horizootal statements model activity (W), finandng attiviy (FA), or lewe the cell blank if there is no effect

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