Question B and C Please!

Question 4 (30 marks) Busy Bulldozing created a petty cash fund with an imprest balance of $ 420 on November 01 The fund custodian authorized the following petty cash tickets in November Ticket Item Amount 501 $ 150 Staff Barbeque Cab fare for staff re barbecue Office Supplies Delivery of Parcel Office Supplies 505 On November 30, prior to replenishment, the fund contained the above tickets plus $ 50.00. The accounts affected by the petty cash payments were Entertainment Expense, Travel Expense, Office Supplies, and Delivery Expense. Required: A. Explain the characteristics and internal control of an imprest fund B. On November 30, how much cash should the petty cash fund hold before it is refilled? C. Record journal entries to the following. Be sure to include explanations. 1. Create the fund and, in a few words, discuss what the custodian did in this case 2. Refill the fund, and, in a few words, discuss what the custodian did in this case, D. Record the December 01 journal entry to increase the petty cash fund balance to S 600. Provide an explanation, and, in a few words, discuss what the custodian did in this case