Chen Company established a $900 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. Required A Required B Required C 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? Required A Required B Required C Show the establishment of the petty cash fund in a horizontal statements model. (In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and leave blank for not affected. Enter any decreases to account balances with a minus sign.) Balance Sheet CHEN COMPANY Statements Model Income Statement Assets Liabilities Cash + Petty Cash Stockholders' Equity Revenue + Statement of Cash Expenses Net Income Flows Required A Required B Required C 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.) View transaction list Journal entry worksheet < 1 Record entry for petty cash fund. Note: Enter debits before credits. Date Jan 01 General Journal Debit Credit