Nakashima Gallery had the following petty cash transactions in February of the current year.

Feb. 2 Wrote a $350 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier.

5 Purchased bond paper for the copier for $14.95 that is immediately used.

9 Paid $38.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory.

12 Paid $7.15 postage to express mail a contract to a client.

14 Reimbursed Adina Sharon, the manager, $70 for business mileage on her car.

20 Purchased stationery for $67.77 that is immediately used.

23 Paid a courier $21 to deliver merchandise sold to a customer, terms FOB destination.

25 Paid $10.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point.

27 Paid $52 for postage expenses.

28 The fund had $21.72 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures.

28 The petty cash fund amount is increased by $100 to a total of $450.

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. Sort the payments into the appropriate categories and total the expenditures in each category.

3. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount.

Prepare the journal entry to establish the petty cash fund 19 points View transaction list Skipped Journal entry worksheet eBook Ask Wrote a $350 check, cashed it, and gave the proceeds and the petty cashborx to Chloe Addison, the petty cashier. Print References Note: Enter debits before credits. General Journal Feb 02 Prev 1 of 1 Next Archive Sunday 3 Gib Goodrich Colee Ainatina ltems: 1267 IMG 3 Ch 06 P 6-3A Help Save & Exit Submit Required 1 Required 2 Required 3 Check my work 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. Sort the payments into the appropriate categories and total the expenditures in each category. (Round your answers to 2 decimal places.) 19 points Petty Cash Payments Delivery expense eBook Ask Print Mileage expense Postage expense 0.00 Merchandise inventory 0.00 Office supplies expense 0.00 Total Required Required 3 Prev 1 ofNext Archive Sunday 3 DGib Goodrich Solee.hunntins items: 1267 Ch 06 P 6-3A Help Save&Exit Submit Check my work Journal entry worksheet 19 polnts Record the reimbursement of the petty cash fund. ted 4 h Note: Enter debits before credts. Credit 03 568 Feb 28 for you re.com give S View general journal Clear entry Record entry Click Prev 1 of 1l Next Best r Archive v Sunday Gib Goodrich Items: 1267