3 10 point Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory Teb. 3 Wrote a $360 check to establish a petty cash fund. 5 Purchased paper for the copier for $15.95 that is imediately used. 9. Paid $42.50 shipping charges (transportation-in) on merchandise purchased for resale, terns FOB shipping point. These costs are added to merchandise Inventory 12 paid $7.05 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, 573 for mileage on her car. 20 Purchased ottice paper for $68.77 that is Lunediately used. 23 Paid a courier $20 to deliver nerchandise sold to a customer, terns ou destination. 25 Toid $11.30 shipping charges (transportation-in) on merchandise purchased for rosale, terns POB shipping point. These coats are added to merchandise Inventory 27 paid $50 for postage expenses 28 The fund had $22.05 renaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged then for a check to reimburse the fund for expenditures. 28 The petty cash and amount is increased by $120 to a total of 1410. 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: Hequired2 Required 3 Prepare the journal entry to o establish the petty cash fund View transaction Journal entry worksheet 1 Wrote 8 $360 check to establish a petty cash fund the desert 10 Required: 1. Prepare the journal entry to establish the petty cash fund. 2. Prepare a petty cash payments report for February with these categories: dellvery 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 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the journal entry to establish the petty cash fund. View transaction list Journal entry worksheet Wrote a $360 check to establish a petty cash fund. Notat Enter debts before credits General Journal Debit Credit Date Feb 02 Record entry Clear entry View general Journal 28. The tund had $22.85 remaining 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 anount is increased by $120 to a total of 5480. 3 10 Doints 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 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 NAKASHIMA GALLERY Polly Cash Payments Roport (Tor February Delivery expense Mileage expense Postage expense Merchandise inventory (transportation) Office supplies per Total Required 1 Required 3 > 3 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 10 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the foumal entries for required 2 to both (a) reimburse and (b) Increase the fund amount. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 Record the reimbursement of the petty cash fund, Notel Enter debits before credits Date General Journal Debit Credit Feb 20 Record entry Clear entry View general Journal