Problem I. On January 1, 2017, C. Benin Company established petty cash fund for payment of small office expenditures in the amount of P10,000. On January 15, 2017, the petty cash custodian requested replenishment and a check was prepared. During that time, the petty cash fund was comprised the following: Amount P3,570 Particulars Coins and currency Paid vouchers: Transportation expense Gasoline expense Supplies expense Postage expense Entertainment expense 1,600 2,400 500 360 1,850 On January 15, 2017, management also decided to decrease the petty cash fund to P5,000. C. Benin uses the imprest system in accounting for its petty cash. Required: Prepare all necessary journal entries for the month of January (establishment of fund, replenishment of fund and reduction of fund balance). Do not abbreviate the account titles, and record the expenses separately