Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) X Requirements ata 1. On June 30, how much cash should this petty cash fund hold before it is replenished? 2. Journalize all required entries to (a) create the fund and (b) replenish it. Include explanations. 3. Make the entry on May 1 to increase the fund balance to $450. Include an explanation. Tid Print Done Print Done Homework: Chapter 8 Assignment O Part 3 of 4 Question 3 > Score: 4.09 of 15 Buppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $400. During June, Ruth Mangan, fund custodian, signs the EIB (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $244. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense Read the requirements Requirement 1. On June 30, how much cash should this petty cash fund hold before it's replenished? Before replenishment, the petty cash fund should hold cash of $ 250 Requirement 2. Journalize all required entries to (a) create the fund and (b) replenish it. Include explanations. (Record debits first, then, credits. Select the explanation on the last Joumalize the creation of the fund. Dato Accounts and Explanation Debit Credit Jun. 1 Petty Cash Data Table Cash 400 1 400 Petty Cash Ticket Number Amount $ 30 1 25 2 3 To open the petty cash fund. Journalize the replenishment of the fund. (Prepare a single compound journal entry) Date Accounts and Explanation Dobit Credit Jun 30 Postage Expense 30 Entertainment Expense Office Supplies 35 Cash Short and Over Item Postage for package received Office party Two boxes of stationery Printer cartridges Business dinner 4 18 a 8 5 Print Done Choose from any list or enter any number in the input fields and then click Check Answer Help Me Sobe The Colowe