Nakashima Gallery had the following petty cash transactions in February of the current year, Nakashima uses the perpetual system to account for merchandise inventory. Feb. 2 Wrote a $340 check to establish a petty cash fund. 5 Purchased paper for the copier for $16.35 that is immediately used. 9 Paid 532.50 shipping charges (transportation-in) on merchandise purchased for resale, terms Fo8 shipping point. These costs are added to merchandise inventory. 12 Paid $7.95 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $66 for mileage on her car. 20 Purchased office paper for $67.77 that is immediately used. 23 Paid a courier $25 to deliver merchandise sold to a customer, tens FOB destination 25 Paid $11.30 shipping charges (transportation-in) on merchandise purchased for resale, teras FOB shipping point. These costs are added to merchandise inventory. 27 Paid 552 for postage expenses. 28 The fund had $22.94 remaining 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 $100 to a total of $448. 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