Suppose that on June 1, Bash Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $350. During June, Jackson Demers, fund custodian, signs the following petty cash tickets: B. (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $188. 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 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 Accounts and Explanation Debit Credit Jun. 1 7 Data Table - X Amount Cash Cash Short and Over Entertainment Expense Office Supplies Petty Cash Postage Expense compound journal entry.) Journalize Date Jun. 30 Petty Cash Ticket Number Item Postage for package Ticket No. 1 received Ticket No. 2 Office party Ticket No. 3 Two boxes of stationery Ticket No. 4 Printer cartridges Ticket No.5 Business dinner Debit Credit 20 15 30 25 65 Print Done Requirement 3. Make the entry on May 1 to increase the fund balance to $425. 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 * Requirements - X 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 $425. Include an explanation Print Done of Requirement 2. Journalize all required entries to (a) create the fund and (b) replenish it. Includ Journalize the creation of the fund. Date Accounts and Explanation Debit Credit Jun. 1 ompound journal entry.) Journalize To increase the petty cash fund. Date To open the petty cash fund. Jun. 30 To replenish the petty cash fund. Debit Credit