Milton Consulting completed the following petty cash transactions during February 2017: Feb. 2 Prepared a $480 cheque, cashed it, and gave the proceeds and the petty cash box to Nick Reed, the petty cashier. 5 Purchased paper for the copier, $30. 9 Paid $52 COD charges on merchandise purchased for resale. Assume Milton Consulting uses the perpetual method to account for merchandise inventory. 12 Paid $23 postage to express mail a contract to a client. 14 Reimbursed Kim Marn, the manager of the business, $201 for business auto expenses. 20 Purchased stationery, $88. 23 Paid a courier $20 to deliver merchandise sold to a customer. 25 Paid $25 COD charges on merchandise purchased for resale. 28 Paid $31 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 $8 in cash in the fund. In addition, the size of the petty cash fund was increased to $510. Required:

1. Prepare a journal entry to record establishing the petty cash fund. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Prepare a summary of petty cash payments.

3. Prepare the journal entry to record the reimbursement and the increase of the fund. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)