Chen Company established a $75 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 a horizontal statements model. c. Record the establishment of the fund in general journal format. 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? Is the establishment of the petty cash fund an asset source, use, or exchange transaction? Chen Company established a $75 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 a horizontal statements model. c. Record the establishment of the fund in general journal format. Complete this question by entering your answers in the tabs below. Show the establishment of the petty cash fund in a horizontal statements model. (In the Statement of Cash Flows column, use the initials for investing activity, FA for financing activity, and leave blank for not affected. Enter any decreases to account balances with a minus sign Complete this question by entering your answers in the tabs below. Record the establishment of the fund in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits