Data table Requirements 1. Explain the characteristics and the internal control features of an imprest fund. 2. On June 30 , how much cash should the petty cash fund hold before it is replenished? 3. Journalize all required entries to create the fund and replenish it. Include explanations. 4. Make the July 1 entry to increase the fund balance to $550. Include an explanation, and briefly describe what the custodian does. On June 1, Fab Salad Dressings creates a pelty cash fund with an imprest balance of $350. During June, A Franklin, the fund custodian, sigrs the following petty cash sickets: (Cick the kon to view the petiry cash ficiets.) On June 30, phor to replenishment, the fund contains these tickets plus cash of $145. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delvery Expense. Entertainment Expense, and Merchandise Irventary. Read the reaurements. Requirement 1. Explain the characteristics and the internat control features of an imgrest fund. An imprest fund has balance an all times, which equals the sum of plus the that support payments foom the fund. The internal control feature of an imprest fund is that is the amount of money for which the fund cuslodian is responsible Requirement 2 On sune 30 , how much cash should the petty cash fund hold belore it is repleniahed? Before it is replenished, the petty cash fund should hold cash of Requirement 3. Journalize al required entries to onete the fund and replenish at. Include explanabions. (Record debits first, then, credits Select the explanabon on the lant ine of the journal entry tuble) Joumal ze the replenshrest of the fund. (Precare a single campound foutnal entry) Thirastion of curency and con