Suppose that on June 1, Smooth Mooves, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Flora Alexis, fund custodian, signs the following petty cash tickets: View the petty cash tickets. On June30prior to replenishment, the fund contains these tickets plus cash of $325The accounts affected by petty cash payments are Supplies, Entertainment Expense, and Postage Expense. Read the requirements. XXXX 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

Suppose that on June 1, Smooth Mooves, a disc jockey service, creates a petty cash fund with an imprest butance of \$500. During June, Flora Aless, fund custodian, signs the following peity cash tickets: On June30prior to replenishment, the fund contains these fichots plus cash of \$325The accounts affectod by pefty cash poyments ave Supplies, Entertainment Expense, and Postage Expense Requirement 1. On June 30, how much cash should this pesty cash fund hold before ifs replenished? Before replenishment, the petty cash fund should hold cash of Requirement 1. On June 30, h Before replenishment, the petty Petty Cash Tickets Requirements 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 July 1 to increase the fund balance to $550. Include an explanation