Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual 5y stem to account for merchandise inventory. February 2 Wrote a 5400 check to establish a petty cash fund. February 5 Purchased paper for the copier for $14.15 that is imediately used. February 9 paid $32,56 shipping charges (transportation-in) on merchandise purchased for resale, terns fob shipping point. These costs are added to merchandise imventory. February 12 Paid 57.95 postage to deliver a contract to a client. February 14 Rembursed Adina Sharon, the nanager, $68 for mileage on her car. February 20 Purchased office paper for 567.77 that is fimediately used. February 25 Paid a courier $20 to deliver nerchandise sold to a custoner, teras fob destination. February 25 paid $13.10 shipping charges (transportation-in) on merchandise purchased for resale, teres fob shipping point. These costs are added to merchandise inventory. February 27 Paid $54 for postage expenses. February 28 The fund had $120.42 retaining in the petty cashbox, sorted the petty cash receipts by accounts affected and exchanged thee for a check to reimburse the fund for expenditures. February 28 The petty cash fund anount is increased by $100 to a total of $509. Required: 1. Prepare the journal entry to establish the petty cash fund. 2. Prepare a petty cash payments report for February with these categories: dellery expense, mileage expense, postage expense, merchandise imventory (for transportation-in), and office supplies expense. 3. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. Complete this question by entering your answers in the tabs below