The petty cash fund of the Wee Ones Agency was established on May 1, 2017, at $75. At the end of the month, the fund contained $12.74 and had the following receipts: film rentals $19.40; refreshments for meetings. $22.81 (both expenditures to be classified as Entertainment Expense); postage, $6.95; and printing, $13.10. Round all answers to the nearest cent. 1. Prepare the journal entry to record the establishment of the fund, 2. Prepare a summary of the petty cash payments and then record the reimbursement on May 31 3. Explain when the Petty Cash account would be credited in a journal entry