y lake? P7-2B 2 Loganberry Company maintains a petty cash fund for small expenditures The folow. lou ing transactions occurred over a 2-month period. July 1 Established petty cash fund by writing a check on Rock Point Bank for 100. fund (SO Replenished the petty cash fund by writing a clieck for 96.90.On this date the fund con- sisted of 3.10 in cash and the following petly cash reccipts: freight-out S1.00, expense 20.50, entertainment expense 23.10, and miscellaneous expens Replenished the petly cash fund by writing a check for 95.90. At this date, the fund con sisted of 4.10 in cash and the following pelly cash receipts: freight-out 43.50, charitable contributions expensc 20.00, postage expense 20.10, and miscellaneous expense 12.30. e 4.10. 31, Aug. 15 Replenished the petty cash fund by writing a check for 98.00. On this date, the fund consisted of 2.00 ia cash and the folilowing petty cash receipts: freight-out 40.20, en- tertainment expense 21.00, postage expense 14.00, and miscellancous expense 19.80. 16 increased the amount of the petty cash fund to 150 by writing a check for 50. 31 Replenished petty cash fund by writing a check for 137.00. On this date, the fund consisted of 13 in cash and the following petty cash reccipts:freight-out 74.00, enter- tainment expense 43.20, and postage expense 17.70. Instructions (a) Journalize the petty cash transactions. (b) Post to the Petty Cash account. (c) What interna! control features exist in a petty cash fund