Suppose that on June 1, Party Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $250. During June, Ruth Mangan, 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 $86. 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 i Data Table - X Petty Cash Ticket Number Item Amount Ticket No. 1 Postage for package received $ 25 Journalize the replenishment of the fund. (Prepare a single compound journal entry.) Ticket No. 2 Office party 15 Date Accounts and Explanation Debit Credit Ticket No. 3 Two boxes of stationery 35 Jun. 30 Ticket No. 4 Printer cartridges 20 Ticket No. 5 Business dinner 65 Print Done Requirement 3. Make the entry on May 1 to increase the fund balance to $300. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit May 1 Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air