p8-26(Similar to)

X P8-26A (similar to) Suppose that on June 1, Bash Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $233. The accounts affected by pe Read the requirements Requirement 1. On June 30, how much cash should this petty cash fund hold before it's replenished? 240 Before replenishment, the petty cash fund should hold cash of S Requirement 2. Journalize all required entries to (a) create the fund and (b) replenish it. Include explanations. (Rec Jounalize the crestion of the fund. Accounts and Explanation Credit Debit Date Petty Cash 400 Jun. 1 Cash 400 To open the petty cash fund Journalize the replenishment of the fund. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit Entertainment Expense Jun. 30 Office Supplies 50 Postage Expense 20 Cash Short and Over Cesh To replenish the petty cash fund Choose from anv Requirement 3. Make the entry on May 1 to increase the fund balance to S476. Include an explanation. Re Date Accounts and Explanation Credit May 1 Choose from any l or enter Data Table Petty Cash Ticket Number Item Amount Postage for package received N W Office party Two boxes of stationery Printer cartridges Business dinner + Print Done X P8-26A (similar to) Suppose that on June 1. Besh yrations, a disc jockey service, creates a petty cash fund with an imprestal of 5400 During Aune, Jackson Demers, fund custodian, as the following pellycat tiket TT (Click the loon to view the petty cash tickets) On June 30. prior to replenishment, the fund contains these tickets plus cash of 3233. The accounts affected by petty cash payments are Office Supplies Entertainment Expense and Postage pense Read the requirements 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 $ 240 Before replenishment, the petty cash fund should hold cash of Requirement 2 Joumalize all required entries to (a) create the fund and (b) replenish it. Include explanations. Joumalize the creation of the fund. Debit Credit Date 400 Accounts and Explanation Petty Cash Cash 400 To open the petty cash fund. Joumalize the replenishment of the fund. (Prepare a single compound journal entry) Debit Credit Date 90 Jun. 30 Accounts and Explanation Entertainment Expense Office Supplies Postage Expense Cash Short and Over Cash To replenish the petty cash fund. 187)