Halifax Fitness Consulting completed the following petty cash transactions during February 2020. Feb. 2 Prepared a $4,860 cheque, cashed it, and gave the proceeds and the petty cash box to Nick Reed, the petty cashier. 5 Purchased paper for the copier, $292. 9 Paid $506 C00 charges on merchandise purchased for resale. Assume Halifax Fitness Consulting uses the perpetual method to account for merchandise inventory. 12 Paid $232 postage to express mail a contract to a client. 14 Reimbursed Kim Marin, the manager of the business, $2,012 for business auto expenses. 20 Purchased stationery, $889. 23 Paid a courier $is to deliver merchandise sold to a customer. 25 Paid $25 COD charges on merchandise purchased for resale. 28 Paid $30 for stamps. 28 Reed sorted the petty cash receipts by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures. However, there was only $14 in cash in the fund. In addition, the size of the petty cash fund was increased to $11,700. Required: 1. Prepare a journal entry to record establishing the petty cash fund. View transaction list Journal entry worksheet < 1 Record the entry to establish the fund. Note: Enter debits before credits. Date Feb. 2 General Journal Debit Credit 2. Prepare a summary of petty cash payments. HALIFAX FITNESS CONSULTING Petty Cash Payments Report Date Receipts Delivery expense Auto expense Postage expense Transportation-in (Merchandise Inventory) Office supplies Amount Amount Amount $ 0 0 0 0 3. Prepare the journal entry to record the reimbursement and the increase of the fund. View transaction list Journal entry worksheet < 1 Record to reimburse fund and increase in fund. Note: Enter debits before credits. Date Feb. 28 General Journal Debit Credit