QUESTION 1 (10 marks) On December 1, 2019, Kamehameha Corporation established a $400 petty cash fund. At the end of December, the petty cash fund contained: - Cash on hand $117.60 - Petty cash receipts for Delivery of products which will be resold $115.25 office coffee supplies 64.55 Delivery of products sold to a customer 116.35 a) Prepare the journal entry to establish the petty cash fund on December 1, 2019. b) Prepare the journal entry on December 31, 2019, to replenish the petty cash fund. c) Assume on December 31, 2019, after replenishing the petty cash fund, Kamehameha Corporation desires to decrease the petty cash fund to $300. Prepare the necessary journal entry. Omit explanations Date Account Name PR Debit Credit