P8-2A Ursula Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period. July 1 Established petty cash fund by writing a check on Scranton Bank for $200. 15 Replenished the petty cash fund by writing a check for $19.00. On this date the fund consisted of 54.00 in cash and the following petty cash receipts freight-out $94.00, post- nge expense $42.40, entertainment expense $46.60, and miscellaneous expense $11.22 31 Replenished the petty cash fund by writing a check for $192.00. At this date, the fund consisted of $8.00 in cash and the following petty cash receipts freight-out S$2.10. charitable contributions expense $45.00. pontage expense $23.50, and miscellaneous expense $39.40 Aug 15 Replenished the petty cash fund by writing a check for $187.00. On this date, the fund consisted of $13.00 in cash and the following petty cash receipts freight-out $7560, entertainment expense $43.00, postage expense $23.00, and miscellaneous expens $37.00 16 Increased the amount of the petty cash fund to $300 by writing a check for $100 31 Replenished petty cash fund by writing a check for $284.00. On this date the fund con- sisted of $16 in cash and the following petty cash receipts postage cxpcnsc $140.00 travel expense $95.60, and freight-cut $47.10 Instructions (a) Journalize the petty cash transactions (b) Post to the Petty cash account (c) What internal control features exist in a petty cash fund