Question 1 1. Stihl Repairs completed the following petty cash transactions during July 2017: Add 13% HST to all transactions. All vouchers are numbered sequentially beginning with #81 July 5: Prepared a $500 cheque, cashed it, and turned the proceeds and the petty cash box over to Bob Stuart, the petty cashier. The fund was started with this $500. July 6: Paid $108.00 COD charges on merchandise purchased for resale. Stihl Repairs uses the perpetual inventory method to account for merchandise inventory. July 11: Paid $23.75 delivery charges on merchandise sold to a customer. July 12: Purchased file folders, $8.50. July 14: Reimbursed Collin Dodge, the manager of the business, $8.26 for office supplies purchased. July 18: Purchased paper for printer, $12.15. July 27: Paid $21.60 COD charges on merchandise purchased for resale. July 28: Purchased stamps, $23.00 July 30: Reimbursed Collin Dodge $64.80 for business car expenses. July 31: Bob Stuart sorted the petty cash receipts by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures. Required: 1). Prepare a general journal entry to record establishing the petty cash fund. 2). Prepare a summary of petty cash payments, that has these categories: delivery expense, auto expense, postage expense, merchandise inventory, and office supplies. 3).Calculate the cash on hand 4). Prepare the general journal entry to record the reimbursement of the fund.