The following transactions were made by Simpson Corp. in December 2019. Dec. 1 Established a petty cash fund of $100. 14 Reimbursed the fund for receipts as follows: Office supplies $50 Maintenance 35 Petty cash on hand prior to reimbursement was $46. 29 Reimbursed the fund for the following: Office supplies $10 Delivery charges 20 Petty cash on hand prior to reimbursement was $72. 31 Reduced the amount of the fund to $50.

Required:

1. Prepare journal entries to record these transactions.

2. Suggest improvements to the internal controls of Simpsons petty cash fund.