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QUESTION 14 The petty cash fund of $300 for Felding Systems includes the following on...

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QUESTION 14 The petty cash fund of $300 for Felding Systems includes the following on December 31, 2021: Cash $93.60 Petty cash receipts: Freight in $89,40 Postage 55.00 Balloons for a special occasion 27.00 Meals 30.00 Instructions a) Briefly describe when the petty cash fund should be replenished. Because there is cash on hand is there a need to replenish the fund at year end on December 317 Explain. b) Prepare in general journal form the entry to replenish the fund. The company uses a perpetual Inventory system. C) On December 31, the office manager gives instructions to increase the petty cash fund by 550. Make the appropriate journal entry. TT T Arial 3 (12pt) TE E- Pathip

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