Halifax Fitness Consulting completed the following petty cash transactions during February 2020: Feb. 2 Prepared a $5,368 cheque, cashed it, and gave the proceeds and the petty cash box to Nick Reed, the petty cashier. 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 contract to a client. 14 Reimbursed Kin Marin, the manager of the business, 52,220 for business auto expenses. 20 Purchased stationery, $981. 23 Paid a courier $17 to deliver merchandise sold to a customer. 25 paid $30 COD 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, 100. Required: 1. Prepare a journal entry to record establishing the petty cash fund. View transaction list Journal entry worksheet > Record the entry to establish the fund. Note: Enter debits before credits. General Journal Debit Credit Date Feb. 2 2. Prepare a summary of petty cash payments. HALIFAX FITNESS CONSULTING Petty Cash Payments Report Receipts Amount Date Amount Amount Delivery expense $ Auto expense 0 Postage expense Transportation-in (Merchandise Inventory) 0 Office supplies Office supplies 0 S 0 Total receipts Fund total Equals Cash required to replenish petty cash 3. Prepare the journal entry to record the reimbursement and the increase of the fund. View transaction list Journal entry worksheet Record to reimburse fund and increase in fund. Note: Enter debits before credits Date General Journal Debit Credit Feb. 28