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Suppose that on June 1. Cool Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500 During June, Sunny

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Suppose that on June 1. Cool Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500 During June, Sunny Lewis, fund custodian, sis the following petty cash ickets (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $322. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements Data Table Requirements Petty Cash Ticket Number Postage for package received 1 On June 30, how much cash should this petty cash and hold before it is replenished? 2. Joumalize all required entries to (a) create the fund and replenishit include explanations 3. Make the entry on May 1 to increase the fund balance to $575. Include an explanation Office party Two boxes of stationery Printer Cartridges Business d er

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