Question 7 (5 marks) On October 1, 2014, Griwatz Company establishes an imprest petty cash fund by issuing a cheque for $200 to Jean Ladd, the custodian of the petty cash fund. On October 31, 2014, Jean Ladd submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $6 cash in the fund. The company uses a perpetual inventory system Freight in. ...." $27 Office Supplies Expense......... 83 Entertainment of Clients.. 58 Postage Expense..... 22 Instructions: Prepare the journal entries required to: 1. Establish the petty cash fund on October 1(2 marks) 2. Replenishment of the fund on October 31. (3 marks) Question 8 (7 marks) Christy Company uses the allowance method for estimating uncollectible accounts. Prepare journal entries to record the following transactions: Jan 5 Sold merchandise to Amy Fergenbaum for $1,000, terms n/15. Apr 15 Received $200 from Amy Fergenbaum on account. Aug21 Wrote off as uncollectible the balance of the Amy Fergenbaum account when she declared bankruptcy. Oct 5 Unexpectedly received a cheque for $250 from Amy Fergenbaum. Christy does not expect to receive any more payments from Fergenbaum