Q.5: In order to handle small cash disbursements in an efficient manner, Off Broadway established a petty cash fund on July 10. The following events relating to petty cash occurred in July. July 10 A check for Rs.300 drawn payable to Petty Cash was issued and cashed to establish the fund. July 31 At month-end, a count of the fund disclosed the following: Office supplies expense Rs.50.40 Postage expense 69.00 Travel expense 49.38 Miscellaneous expense 50.62 Currency and coin remaining in the fund 78.60 July 31 A check was issued to replenish the petty cash fund. Instructions: (a) Prepare an entry in general journal form to record the establishment of the petty cash fund on July 10. (b) Prepare an entry to record the replenishment of the petty cash fund on July 31. (C) Net income for Off Broadway in July was Rs.6,785.20. What amount of net income would have been reported in the July income statement if the company had not replenished the petty cash fund on July 31