Nakashima Gallery had the following petty cash transactions in February of the current year Feb. 2 wrote a $340 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier 5 Purchased paper for the copier for $15.95 that is inediately used paid $30.50 COD shipping charges on merchandise purchased for resale, teres FOB shipping point. shine uses the perpetual system to account for merchandise inventory: 12 Pald $8.35 postage to deliver a contract to a client 14 Reimbursed Adina Sharon, the manager, 594 for alle on her car 20 Purchased stationery for $65.77 that is mediately used 21 paid a courier $20 to deliver merchandise sold to a customer, terns Fou destination 25 Pata $11.5a co shipping charges on merchandise purchased for sale, ters FOB shipping point 27 Pald 353 for post expenses. 21 The fund had 123.37 resinine in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged the for a check to reimburse the fund for expenditures 28 The petty cash fund amount is increased by to total of 1410 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, meage 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required a Prepare the journal entry to establish the petty cash fund. View transaction lit Journal entry worksheet Nakashima Gallery had the following petty cash transactions in February of the current year Feb. 2 wrote a $340 checky Cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased paper for the copier for $15.95 that is immediately used 9 Pata $30. COD shipping charges on merchandise purchased for sale, teres fob shipping point, tukashiin uses the perpetual system to account for merchandise Inventory. 12 Paid 58.35 postage to deliver a contract to a client 14 Reimbursed Adina Sharon, the manager, $74 for mileage on her car 20 Purchased stationery for $68.77 that is imediately used. 23 Pald a courier $20 to deliver merchandise sold to a customer, teras Fos destination 25 Paid $11.50 COD shipping charges on merchandise purchased for resale, terres Foe shipping point 27 Paid 353 for postage expenses 28 The fund had $23.37 remaining in the petty cashbox forted the petty cash receipts by wccounts affected and exchanged them for a check to reimburse the fund for expenditures 28 The petty cash fund amount is increased by $70 to a total of $410. 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 (o) reimburse and (0) increase the fund amount Complete this question by entering your answers in the tabs below. Required Red 2 Required Iepare the journal entry to establish the petty cash fund
