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dexternal_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fmghmidd work Saved Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $350 check, cashed it,

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dexternal_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fmghmidd work Saved Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $350 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased paper for the copier for $14.35 that is Imunediately used. 9 Paid $42.50 COD shipping charges on merchandise purchased for resale, terma Fos shipping point. Nakashima uses the perpetual system to account for merchandise inventory. 12 Paid $7.75 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $73 for mileage on her car. 20 Purchased stationery for $69.77 that is immediately used. 23 Paid a courier $16 to deliver merchandise sold to a customer, terms FOB destination. 25 Paid $10.50 COD shipping charges on merchandise purchased for resale, terma Fob shipping point. 27 Paid $52 for postage expenses. 28 The fund had $21.95 remaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditurett. 28 The petty cash fund amount is increased by $130 to a total of $480. 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. Sbrt the payments into the appropriate categories and total the expenditures in each category. 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 the journal entry to establish the petty cash fund. View transaction list Prepare the journal entry to establish the petty cash fund. View transaction list Journal entry worksheet Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal places.) View transaction ist Journal entry worksheet 1 2 > Record the reimbursement of the petty cash fund. Note Enter debits before credits Date Feb 28 General Journal Dobit Credit Record entry Clearntry View general Journal

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