G. INTERNAL CONTROL AND CASH (12 Marks) 1) Petty Cash (8 marks) Bill's Cabinet Design established a petty cash fund on April 1.2021 to facilitate the payment on items. The Tonowing petty cash transactions were noted by the petty cash custodian during the of April 2021: Apr 1 10 Received cash of $100 to establish the petty cash fund. y cash fund was replenished when there was $15 on hand and the following receipts a) $20 for office supplies b) $40 for freight in charges c) $15 for postage The petty cash fund was increased to $125 15 Instructions Prepare the journal entries required for the above transactions

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