T You just got hired at key west stores as a book keeper, and are leaming bow operates. The first thing Sure your paym boss tells bow the you is to Company make *to take the cash pliscount of 2110, bet so, but to make the yment 5 days after the discount "Do you see a problem the boss who is telling you with this? period expires. what do you bay to things this is are done? t k 1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the following receipts: entertainment, $70; postage, $30; and printing, $22. Prepare journal entries to record (a) establishment of the fund and (b reimbursement of the fund at the end of the current period. 2. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry. Complete this question by entering your answers in the tabs below. t nces Required 1 Required 2 Prepare journal entries to record (a) establishment of the fund an View transaction list Journal entry worksheet 1 2 Record the establishment of the petty cash fund. Note: Enter debits before credits. Transaction 1a Cash cimbursement of the fund at the end of the current period. General Journal Debit Credit 70