Suppose that on June 1, Cool Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $350. During June, Al Franklin, fund custodian, signs the following petty cash tickets EEB (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $175. 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. Joumalize 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 tab Joumalize the creation of the fund. Date Data Table Accounts and Explanation Debit Credit Jun. 1 Petty Cash Ticket Number Item Amount Postage for package received Office party Two boxes of stationery Printer cartridges Business dinner 20 15 30 25 80 Joumalize the replenishment of the fund. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit Jun. 30 Print Done Suppose that on June 1, Cool Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of 350. During June, Al Franklin, fund custodian, signs the following petty cash tickets EEB (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $175. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense Read the requirements Data Table Journalize the replenishment of the fund. (Prepare a single compound joumal entry.) Petty Cash Date Accounts and Explanation Debit Credit Ticket Numbe Item Amount Jun. 30 Postage for package received Office party Two boxes of stationery Printer cartridges Business dinner 20 30 25 80 Requirement 3. Make the entry on May 1 to increase the fund balance to $400. Include an explanation. ( rnal entry table.) Print Done Date Accounts and Explanation Debit Credit May 1