Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. Yebi 2 wrote a $400 check to establish a petty cash fund. 5 purchased paper for the copier tor $14.15 that is immediately uned. 9 paid $32.50 shipping charges (transportation-in) on merchandise purchased for resale, torna TOB shipping point. Those costs are added to merchandise inventory. 12 Paid $7.95 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, 568 for mileage on her car. 20 Purchased office paper for 567.77 that is immediately used. 23 paid a courier $20 to deliver merehandise sold to a customer, terms FOB destination. 25 Paid $13.10 shipping charges (transportation-in) on merchandise purchased for resale, terma TOB shipping point. These costs are added to merchandise inventory. 27 Paid $54 for postage expenses. 28 The fund had $120.42 remaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged them for a check to roimburse the fund for expenditure 28 The petty cash fund amount is increased by $100 to a total of $500. 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 expense, mileage expense, postage expense, merchandise inventory (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. Required Required 2 Required 3 Prepare the journal entry to establish the petty cash fund. Required 1 Required 2 Required 3 Prepare the journal entry to establish the petty cash fund, View transaction list Journal entry worksheet 1 Wrote a $400 check to establish a petty cash fund. Note: Enter debits before credits Dato General Journal Debit Credit Feb 02 Record entry Clear entry View general Journal Required 1 Required 2 Required 3 Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise Inventory (for transportation-in), and office supplies expense. NAKASHIMA GALLERY Petty Cash Payments Report (for February) Delivery expense Mileage expense Postage expense Merchandise inventory (transportation in) Omice supplies expenso Total Journal entry worksheet