akashima Gallery had the following petty cash transactions in F ystem to account for merchandise inventory. eb. 2 Wrote a $350 check to establish a petty cash fund. 5 Purchased paper for the copier for $15.75 that is 9 Paid $36.50 shipping charges (transportation-in) on point. These costs are added to merchandise invento 12 Paid $7.35 postage to deliver a contract to a clier 14 Reimbursed Adina Sharon, the manager, $70 for milea 20 Purchased office paper for $66.77 that is immediate 23 Paid a courier $18 to deliver merchandise sold to a 25 Paid $10.60 shipping charges (transportation-in) on point. These costs are added to merchandise invento 27 Paid $53 for postage expenses. 28 The fund had $24.12 remaining in the petty cashbox. and exchanged them for a check to reimburse the fun 28 The petty cash fund amount is increased by $100 to a centrs Required: 1. Prepare the journal entry to establish the petty cash fund. 2. Prepare a petty cash payments report for February with these cat expense, merchandise inventory (for transportation-in)y and office su 3. Prepare the journal entries for required 2 to both (a) reimburse ar Complete this question by entering your answers in the tabs b Required 1 Required 2 Required 3 Prepare the journal entries for required 2 to both (a) reimburse and (b places.) ! Required information [The following information applies to the questions displayed below.] Chavez Company most recently reconciled its bank statement and book it reported two checks outstanding, No. 5888 for $1,026 and No. 5893 fo outstanding as of September 30. The following information is available fo From the September 30 Bank Statement PREVIOUS BALANCE 18,500 TOTAL CHECKS AND DEBITS 9,994 TOTAL DEPOSITS AND 11,533 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,026 09/04 5902 753 09/07 5901 1,878 09/17 678 NSF 09/20 5905 955 09/22 5903 428 09/22 5904 2,145 09/28 5907 265 09/29 5909 1,866 DEPOSITS AND CREDITS Date Amount 09/05 1, 148 09/12 2,278 09/21 4,231 09/25 2,336 09/30 20 IN 09/30 1,520 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,148 12 2,278 21 4,231 25 2,336 30 1,772 Prev 1 2 Next of 2 akashima Gallery had the following petty cash transactions in F ystem to account for merchandise inventory. eb. 2 Wrote a $350 check to establish a petty cash fund. 5 Purchased paper for the copier for $15.75 that is 9 Paid $36.50 shipping charges (transportation-in) on point. These costs are added to merchandise invento 12 Paid $7.35 postage to deliver a contract to a clier 14 Reimbursed Adina Sharon, the manager, $70 for milea 20 Purchased office paper for $66.77 that is immediate 23 Paid a courier $18 to deliver merchandise sold to a 25 Paid $10.60 shipping charges (transportation-in) on point. These costs are added to merchandise invento 27 Paid $53 for postage expenses. 28 The fund had $24.12 remaining in the petty cashbox. and exchanged them for a check to reimburse the fun 28 The petty cash fund amount is increased by $100 to a centrs Required: 1. Prepare the journal entry to establish the petty cash fund. 2. Prepare a petty cash payments report for February with these cat expense, merchandise inventory (for transportation-in)y and office su 3. Prepare the journal entries for required 2 to both (a) reimburse ar Complete this question by entering your answers in the tabs b Required 1 Required 2 Required 3 Prepare the journal entries for required 2 to both (a) reimburse and (b places.) ! Required information [The following information applies to the questions displayed below.] Chavez Company most recently reconciled its bank statement and book it reported two checks outstanding, No. 5888 for $1,026 and No. 5893 fo outstanding as of September 30. The following information is available fo From the September 30 Bank Statement PREVIOUS BALANCE 18,500 TOTAL CHECKS AND DEBITS 9,994 TOTAL DEPOSITS AND 11,533 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,026 09/04 5902 753 09/07 5901 1,878 09/17 678 NSF 09/20 5905 955 09/22 5903 428 09/22 5904 2,145 09/28 5907 265 09/29 5909 1,866 DEPOSITS AND CREDITS Date Amount 09/05 1, 148 09/12 2,278 09/21 4,231 09/25 2,336 09/30 20 IN 09/30 1,520 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,148 12 2,278 21 4,231 25 2,336 30 1,772 Prev 1 2 Next of 2