Question 4 (30 marks) Oceanside Care Centre created a petty cash fund with an imprest balance of $200 on June 01. The fund custodian authorized the following petty cash tickets in June: Ticket# Item Amount 501 Retirement Gift $ 100 502 30 Cab fare for retiree 17 503 12 504 Office Supplies Delivery of Parcel Office Supplies 27 505 On June 30, prior to replenishment, the fund contained the above tickets plus $10.00. The accounts affected by the petty cash payments were Retirement Expense, Office Supplies, and Delivery Expense. Required: A. Explain the characteristics and internal control of an imprest fund. B. On June 30, how much cash should the petty cash fund hold before it is refilled? C. Record journal entries to the following. Be sure to include explanations. 1. Create the fund 2. Refill the fund D. Record the July 01 journal entry to increase the petty cash fund balance to $400. Provide an explanation, and, in a few words, discuss what the custodian did in this case. w