5 Nakashima Gallery had the following petty cash transactions in February of the current year Feb. 2 Wrote a $400 check, cashed it, and gave the proceeds and the petty cashbox to chloe 6 points Addison, the petty cashier. 5 Purchased bond paper for the copier for $14.15 that is immediately used. 9 Paid $32.50 CoD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory 12 Paid $7.95 postage to express mail a contract to a client 14 Reimbursed Adina Sharon, the manager, $68 for business mileage on her car. 20 Purchased stationery for $67.77 that is immediately used 23 Paid a courier $20 to deliver merchandise 25 Paid $13.10 CoD shipping charges on merchandise purchased for resale, terms sold to a customer, terms FOB destination. FOB shipping point 27 Paid $54 for postage expenses. 28 The fund had $120. Print 42 remaining in the petty cashbox. Sorted the petty cash receipts by a check to reimburse the fund for expenditures. accounts affected and exchanged them for 28 The petty cash fund amount is increased by $100 to a total of $500. References 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. Sort the payments into the appropriate the expenditures in each category categories and total 3. Prepare the journal entries for required 2 to both (a) reimburse and (to) increase the fund amount Complete this question by entering your answers in the tabs below