mework Help Savets Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Check my wo Nakashima Gallery had the following petty cash transactions in February of the current year Teb. 2 Wrote a $360 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Madison, the petty cashier. 5 Perchased bond paper for the cepler for $16.55 that is mediately used 9 Paid $36.50 COD shipping charges archandise purchased for resale, ter po shipping point. Sakashinas the perpetual system to account for chandise inventory. 12 Paid $8.05 postage to express mail contract to a ellent 14 Reimbursed Misa Sharon, the sa , 514 for business i her ear. 20 Purchased stationery for $67.17 that is diately used 23 Paid a counter is to deliver s chandise sold to a customer, tar e destinatie 25 Paid 510.10 COD Shipping charges scandise pued for resale, tre poe n g point 27 Paid 552 tot post expenses. 28 The fund had 526.25 is the petty cash box. Sorted the recipe by te affected and exchanged them to check to use the fund for spenditures 28 The petty dash fundust ressed by 50 to total of 0. Required: 1. Prepare the journal entry to establish the petty cash fund 2. Prepare a petty cash payments report for February with these categories delivery expensei g expense, postage expense merchandise inventory for transportation in and office Supplies expense Sort the payments into the appropriate categories and total the expenditures in each category 3. Prepare the journal entries for required 2 to both reimburse and increase the fund amount Complete this question by entering your answers in the tabs below. Prey 1 of 4 !! Next >