Given the following events related to X Company: May 1 May 15 X Company decides to establish a $500 petty cash fund The petty cash custodian requested to replenish the PCF. The fund contains $176 cash and petty cash receipts for freight out $125, supplies used $130, and IOU from employees $75 Refer to the above: In the entry prepared on May 1 to establish the Petty Cash Fund: Cash was credited by $500 and Petty Cash Fund was debited by $500 Cash was debited by $500 and Petty Cash Fund was credited by $500 Cash was debited by $500 and Petty Cash Fund was debited by $500 None of the above Refer to the above: In the entry prepared on May 15 to replenish the Petty Cash Fund: Cash Short and Over was debited by $164 and Cash was credited by $6 Cash Short and Over was credited by $6 and Cash was credited by $324 Cash Short and Over was debited by $6 and Cash was credited by $336 None of the above Refer to the above: Suppose that on May 16, X Company decided to increase the petty cash fund to $600. In the entry prepared on that day:* Petty Cash Fund was credited by $100 and Cash was debited by $100 Petty Cash Fund was debited by $600 and Cash was credited by $600 Petty Cash Fund was debited by $100 and Cash was credited by $100 None of the above