Halifax Fitness Consulting completed the following petty cash transactions during February 2020 Feb. 2. Prepared a 34, ace 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 COD 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 Kin Marin, the manager of the business, $2,012 for business auto expenses. 20 Purchased stationery, $39. 23 paid a courier $15 to deliver merchandise sold to a customer 25 Paid $25 COD charges on merchandise purchased for resale. 28 Paid $30 for stanps. 28 Reed sorted the petty cash receipts by accounts affected and exchanged then for a cheque to reimburse the fund for expenditures. However, there was only 514 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 2 Record the entry to establish the fund. Notrebe credits General Journal Debit Date Feb 2 Crede Cha 2. Prepare a summary of petty cash payments Delivery expense Auto expense Postage expense Transportation in (Merchandise Inventory) Office supplies 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 transactions Journal entry worksheet