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 $16.15 that is immediately used. 9 Paid $42.50 shipping charges (transportation-in) on merchandise purchased for renale, terma TOB shipping point. These costs are added to merchandise inventory. 12 Paid $8.25 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $65 for mileage on her car. 20 Purchased office paper for $67.77 that is immediately used. 23 Paid a courier $22 to deliver merchandise sold to a customer, terms FOB destination. 25 Paid $11.80 shipping charges (transportation-in) on merchandise purchased for renale, terna TOB shipping point. Thene costs are added to merchandise inventory. 27 Paid $56 for postage oxpenses. 28 The fund had $21.97 remaining in the petty cashbox. Sorted the petty canh 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 $80 to a total of $420. 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 1 Required 2 Required 3 Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage Required 1 KEREKE Required 2 Required 3 Prepare a petty cash payments report for February with these categories: delivery expense, mile expense, merchandise inventory (for transportation-in), and office supplies expense. (Round you places.) ook 22.00 65.00 NAKASHIMA GALLERY Petty Cash Payments Report (for February) Delivery expense Feb. 23 Delivery of customer's merchandise Mileage expense Feb. 14 Reimbursement for mileage Postage expense Feb. 12 Express delivery of contract 8.25 Feb. 27 Purchased postage stamps 56.00 Merchandise inventory (transportation-in) Feb. 9 42.50 Feb. 25 11.80 Office supplies expense Feb. 5 Purchased paper - copier 16.15 Feb. 20 Purchased paper for copier 66.77 Total 64.25 54.30 82.92 places View transaction list Journal entry worksheet