K Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $250. During June, Al Franklin, fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $82. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements. Requirements On June 30, how much cash should this petty cash fund hold before it is replenished? Journalize all required entries to (a) create the fund and (b) replenish it. Include explanations. 3. Make the entry on May 1 to increase the fund balance to $350. Include an explanation. Print Done - X Data table Petty Cash Ticket Number Ticket No. 1 Ticket No. 2 Ticket No. 3 Ticket No. 4 Ticket No. 5 Item Postage for package received Office party Two boxes of stationery Printer cartridges Business dinner Amount $ 20 15 35 25 65

Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $250. During June. Al Franklin, fund custodian, signs the following petty cash tickets: II: (Click the icon to viow the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $82. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements. Requirements Data table On June 30 , how much cash should this petty cash fund hold before it is replenished? Journalize all required entries to (a) create the fund and (b) replenish it. Include explanations. Make the entry on May 1 to increase the fund balance to $350. Include an explanation. Requirement 1. On June 30 , how much cash should this petty cash fund hold before it's replenished? Before replenishment, the petty cash fund should hold cash of Requirement 2. Journalize all required entries to (a) create the fund and (b) replenish it. Include explanations. (Record debits first, then, credits Select the explanation on the last line of the journat entry table.) Journalize the creation of the fund. Journalize the replenishment of the fund. (Prepare a single compound joumal entry.) Requirement 3. Make the entry on May 1 to increase the fund balance to $350. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.)