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how you fidn cash over and short please explain Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses
how you fidn cash over and short please explain
Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. regale, a SYSO a petty cash fund. he copier for S IS .35 that used. 5 for r paid $30. SO shipping charges Itran.portation-in) on merchandi.e for re to inventory. r a contract to a client. paid SS.'S to delive for mileage on her car. Reimbursed Adina Sharon, o ft ice paper tor $68." that used. 14 28 r to sold to a term. POD destination. paid $ 11.70 'hipping charge. on merchandise f rch.ndi" e to paid SSS for hipping point. , YOD Shining point. $25.83 exchanged for The petty Cash fund the a to rund unt i' increased by SIIO to Sorted the petty or $460. Nh by md Required: I. Prepare the journal entry to establish the petty cash fuM. 2. Prepare a petty cash payments report February with these categories; delivery expense. mileage expense. postage expense. merchantfse inventory (for transportation-in). and office supolies expense. 3. Prepare the journal entries for required 2 to both (a) reimburse ond (b) increase the fund amount. Complete this question by entering your answers in the tabs below. Prepare the journal entry to establish the petty cash fund. Journal entry worksheet Wrote a "SO check to establish a petty cash fund , < prey
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