Suppose that on June 1, Bash Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Sunny Lewis, fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $347. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage 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 C 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 line of the journal entry table.) Journalize the creation of the fund. Date Jun. 1 Accounts and Explanation Debit Credit Data table Petty Cash Ticket Number Item Amount Ticket No. 1 Postage for package received $ 20 Ticket No. 2 Office party 25 Accounts and Explanation Journalize the replenishment of the fund. (Prepare a single compound journal entry.) Date Debit Credit Ticket No. 3 Two boxes of stationery 30 Jun. 30 Ticket No. 4 Printer cartridges Ticket No. 5 Business dinner 15 55 Print Done Requirement 3. Make the entry on May 1 to increase the fund balance to $550. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debit Credit Date May 1