Valley Hardware (Mr. M. Jordan is the sole proprietor) established a petty cash fund on January 1, 2018. A cheque for $500 payable to cash was given to Kate, the petty cashier, who went to the bank and brought back $500 and put it in the petty cash box. The following transactions were completed during January. Jan 1 Purchased file folders for $26 (this business records office supplies as expenses upon purchase) Jan 10 Paid $40 for cleaning services due to a paint spill on the hallway carpet Jan 15 Paid $52 COD charges on merchandise to be resold to customers (the business uses the perpetual inventory system) Jan 15 Purchased pens and pencils for office use, $17 Jan 20 Paid $45 for an advertisement in the local January newspaper Jan 25 M. Jordan took $70 from the cash box to buy personal groceries on the way home from work Jan 26 Paid a courier $40 delivery charges on merchandise inventory sold to a customer Jan 28 Paid $96 for a business lunch with some hardware suppliers. The money in the petty cash box was counted on January 31, and its total was $110. The fund was replenished and decreased by $100 on January 31. REQUIRED: (20 MARKS) REQUIRED: (20 MARKS) A. Prepare the journal entry to record the establishment of the petty cash fund (3 marks). EXPLANATION IS REQUIRED B. Prepare a summary of petty cash payments (also known as the Petty Cash Payments Report) for January. Choose the general ledger accounts that you will need to complete the question (8 marks). C. Prepare the journal entry to record the reimbursement of the petty cash fund, and to decrease the size of the fund by $100.00 (9 marks). EXPLANATION IS REQUIRED A B I T F E courier fees to deliver inventory sold $ 40 search TT Achvate Windows 9:33 AM 12/14/202