QS 7-4Petty cash L04 The petty cash fund of the Wee Ones Agency was established on May 1, 2017, at $75. At the end of the month, the fund contained $12.74 and had the following receipts: film rentals, $19.40; refreshments for meetings, $22.81 (both expenditures to be classified as Entertainment Expense); postage, $6.95; and printing, $13.10. Round all answers to the nearest cent. 1. Prepare the journal entry to record the establishment of the fund. 2. Prepare a summary of the petty cash payments similar to Exhibit 7.3, and then record the reimbursement on May 31. 3. Explain when the Petty Cash account would be credited in a journal entry. QS 7-5Petty cash L04 WilsonArt set up a petty cash fund of $200 on March 1, 2017. On March 17, the petty cash box contained $19 and the following receipts: $75 for printing, S48 for taxi fare, and $55 for delivery expense. Record the reimbursement of the fund on March 17. QS 7-6Petty cash L04 Canmore Consulting established a $100 petty cash fund on September 1, 2017. On September 23, the petty cash box contained $7 and receipts for the following expenses: $32 for entertainment expense (lunch with a client), $45 for computer repair, and $18 for delivery expense. Record the reimbursement of the fund on September 23