1 Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory Feb. 2 Wrote a $350 check to establish a petty cash fund, 5 Purchased paper for the copier for $14.55 that is imediately used. 9 Pald 332.50 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. 12 Paid $7.95 pastage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $68 for mileage on her car. 20 Purchased office paper for $69.77 that is immediately used. 23 Pald a courier 519 to deliver merchandise sold to a customer, ters FOB destination 25 Paid $10.30 shipping charges (transportation-in) on merchandise purchased for resale, terns Foo shipping point. These costs are added to merchandise inventory. 27 Paid $57 for postage expenses. 28 The Fund had 523.02 renaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures. 28 The petty cash fund amount is increased by sa to a total of $430. Required: 1. Prepare the journal entry to establish the petty cash fund 2. Prepare a petty cash payments report for February with these categories delivery expense, mileage expense, postage expense. merchandise Inventory (for transportation-in), and office supplies expense. 3. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise Inventory (for transportation-in), and office supplies expense. (Round your answers to 2 decimal places) 19.00 NAKA SHIMA GALLERY Petly Cash Payments Report for February) Delivery expense Feb. 23 Delivery of customer's merchandise Mileage expense Feb 14 Reimbursement for mileage Postage expense Feb 12 Shipping charges on purchases $ 68 00 795 795 Purchased office paper Purchased paper for copier Purchased postage stamps Reimbursement for mileage Shipping charges on purchases Delivery of customer's merchandise Express delivery of contract Purchased office paper Purchased paper for copier