On 1 July, Bill Ltd established a $500 petty cash fund. Cheque no. 653 was received by the petty cashier and duly cashed. On 31 July, the petty cash box contained the following cash and expense vouchers: Cash Expense vouchers Voucher no. Date Purpose Amount 36 July 7 Office supplies S 80.00 37 10 Stationery S 98.00 38 14 Parking ticket S 55.00 39 19 Newspapers S 22.00 40 23 Customer refund S 92.00 41 26 Taxi fare S 75.00 Required: A. Show the journal entries that was made to establish the petty cash fund in the Cash Payments Journal on 1 July. (4 marks) B. Show the journal entries needed on 31 July to reimburse the petty cash fund (cheque no. 656 cash payments) in the Cash Payments Journal. All expenses other than Office Supplies, Stationery and Customer Refund should be charged to Sundry Expenses. (4 marks) C. Assume that a decision was made to Increase the petty cash fund to $600 from 1 August (cheque no. 658) Show the journal entries in the in the Cash Payments Journal to do so. (4 marks) D. Prepare a petty cash book, with appropriate analysis columns similar to the one below, to incorporate the transactions of the fund shown above. (8 marks) NOTE: Ignore GST