Halifax Fitness Consulting completed the following petty cash transactions during February 2020: Book erences Feb. 2 Prepared a $5,360 cheque, cashed it, and gave the proceeds and the petty cash box to Nick Reed, the petty cashier. 5 Purchased paper for the copier, 5322 9 Paid $558 COD charges on merchandise purchased for resale. Assume Halifax Fitness Consulting uses the perpetual method to account for merchandise inventory. 12 Paid $256 postage to express mail a contract to a client. 14 Reimbursed Kim Marin, the manager of the business, $2,220 for business auto expenses. 20 Purchased stationery, $981. 23 Paid a courier $17 to deliver merchandise sold to a customer. 25 Paid 530 coo charges on merchandise purchased for resale. 28 Paid $36 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 $17 in cash in the fund. In addition, the size of the petty cash fund was increased to $13,180. Required: ho 1. Prepare a journal entry to record establishing the petty cash fund