i -X More Info a. Cash: $104 b. Petty cash tickets, as follows: No. Amount Issued to No. 44 $ 21 V. Wilfork No. 45 44 M. Potter No. 47 42 C. Sheen No. 48 35 V. Abrams Signed by V. Wilfork and KM M. Potter C. Sheen and KM V. Abrams and KM Account Debited Office Supplies Delivery Expense Travel Expense Print Done - X Requirements 1. Identify three internal control weaknesses revealed in the given data. 2. Journalize the following transactions: a. Establishment of the petty cash fund on January 12, 2024. b. Replenishment of the fund on January 31, 2024. Assume petty cash ticket no. 47 was issued for the purchase of office supplies. 3. What is the balance in the Petty Cash account immediately before replenishment? Immediately after replenishment? Print Done Matton Corporation established a $250 petty cash fund on January 12, 2024. Kloe Matton (KM) is the fund custodian. At the end of the month, the petty cash fund contains the following: A (Click the icon to view the information.) Read the requirements A. Petty cash ticket no. 47 does not indicate which account to debit on the actual ticket. B. The petty cash custodian (KM) did not sign petty cash ticket no. 45. Both the fund custodian and the recipient of the cash should sign the petty cash ticket. C. The sum of the petty cash tickets exceeds the imprest balance, indicating that the petty cash asset has not been properly safeguarded. OD. The fund custodian should not authorize petty cash tickets. Since KM authorized three of the four petty cash payments, a separation of duties issue exists. E. Petty cash ticket no. 46 is missing. There is no indication of what happened to this ticket. Requirement 2. Journalize the following transactions: (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) a. Establishment of the petty cash fund on January 12, 2024 Date Accounts and Explanation Debit Credit Jan. 12 b. Replenishment of the fund on January 31, 2024. Assume petty cash ticket 47 was issued for the purchase of office supplies. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit Jan. 31 Requirement 3. What is the balance in the Petty Cash account immediately before replenishment? Immediately after replenishment? Choose from any list or enter any number in the input fields and then continue to the next