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note___the data table and requirements in the same picture...Thank U PF8-26A (similar to) Question Help following petty cash tickets: On June 1, Farm Grown Salad

note___the data table and requirements in the same picture...Thank U

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PF8-26A (similar to) Question Help following petty cash tickets: On June 1, Farm Grown Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Michael Martell, the fund custodian, signs the FFA(Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $30. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory. Read the requirements. Requirement 1. Explain the characteristics and the internal control features of an imprest fund. An imprest fund has balance at all times, which equals the sum of plus the that support payments from the fund. The internal control feature of an imprest fund is that it the amount of money for which the fund custodian is responsible. i Requirements X Data Table X 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 Petty Cash replenished? Ticket Number Item Amount 3. Journalize all required entries to create the fund and replenish it. Include Ticket No. 101 Office supplies explanations. 4. Make the July 1 entry to increase the fund balance to $400, Include an Ticket No. 102 Cab fare for executive explanation, and briefly describe what the custodian does. Ticket No. 103 Delivery of package across town Ticket No. 104 Business dinner 85 Print Done Ticket No. 105 Merchandise inventory 105 parts remaining Clear A Print Done

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