Data table Requirements 1. Explain the characteristics and the internal control features of an imprest fund. 2. On June 30 , how much cash should the petty cash fund hold before it is replenished? 3. Journalize all required entries to create the fund and replenish it. Include explanations. 4. Make the July 1 entry to increase the fund balance to $550. Include an explanation, and briefly describe what the custodian does. On June 1, Top Taste Salad Dressings creatos a petty cash fund with an impeest balance of \$400. During June, Sunny Lewis, the fund custodian, signs the following petty cash ticketn HWl (Cick the leon to vien the pelly cash tickete) On Juhe 30, prior to replenishment, the fund contains these bckets glus cach of $190. The accounts affected by petly cash payments are Omice Supples. Travel Expense, Delivery Expense Entertainment Expense, and Morchandine Inventary Read the reatirements. Requirement 1. Explain the characterisics and the intemal control features of an irrprest tund An imprest fund han balance at all temes, which equals the sum of plus the of an imprest fund is that it that support payments from the fund. The intornal controt fouthar the amount of money for which the fund custodian is responsible. Requirement 2. On June 30, how mach cash should the petly eash fund hold before it is rephenished? Belore it is repienished, the petly canh fund should hold cash of Requirement J. vouranaize all required entries to create the fund and replenieh it include explanations. (Rocord dobits lirst, then, credits. Seloct the explanation on the last ine of the joumat entry Table 1 Begn by joumaliaing the creation of the fund Journalize the replenishment of the fund. (Prepare a single compound journal entry.) Requirement 4. Make the July 1 entry to incrense the fund balance to $550, Include an explaniation, and briefy describe what the custodian doen. (Record debils Frst, then, Grefi. Select the explanation on the last ine of the journal entry table.) Make the oniry July 1 to increase the fund balance to $550. Bridfy doscribe what the custodian Goes. The custodian the chock and places of cumency and coin