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 enties to create the fund and replenish it. Include explanations. 4. Make the July 1 entry to increase the fund balance to $575. Include an explanation, and briefly describe what the custodian does. On June 1, Fab Salad Dressings creates a pesty cash fund with an imprest balance of $500. During June, Al Franklin, the fund custodlan, signs the following petty cash tickets: HIII (Click the icen to view the petty cath tickets.) On June 30, pror to replenishment, the fund contains these tickets plus cash of $230. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delvery Expense, Entertainment Exponse, and Merchandise Inventory. Read the reguirements. Requirement 1. Explain the characteristics and the internal control features of an imprest fund. An imprest fund has balance at all times, which equals the sum of plus the that support payments from the fund. The internal control feature of an imprest fund is that it the amount of money for which the fund custodian is responsible