on september 30 how much cash should this petty cash fund hold before it is replenis 643792

Accounting for petty cash transactions Suppose that on September 1, Bash Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $250. During September, Ruth Mangan, fund custodian, signs the following petty cash tickets:

Petty Cash
Ticket Number	Item	Amount
1	Postage for package received	$30
2	Decorations and refreshments	10
	for office party
3	Two boxes of stationery	25
4	Printer cartridges	35
5	Dinner money for sales manager	65
	entertaining a customer

On September 30, prior to replenishment, the fund contains these tickets plus cash of $80. The accounts affected by petty cash payments are Office supplies expense, Entertainment expense, and Postage expense.

Requirements

1. On September 30, how much cash should this petty cash fund hold before it is replenished?

2. Journalize all required entries to (a) create the fund and (b) replenish it. Include explanations.

3. Make the entry on October 1 to increase the fund balance to $325. Include an explanation.