Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise Inventory February 2 Wrote a $360 check to establish a petty cash fund. February 5 Purchased paper for the copier for $16.15 that is immediately used. February 9 Paid $44.50 shipping charges (transportation-in) on merchandise purchased for resale, terms Foe shipping point. These costs are added to merchandise inventory. February 12 Paid $7.75 postage to deliver a contract to a client. February 14 Reimbursed Adina Sharon, the manager, $68 for mileage on her car. February 20 Purchased office paper for $68.77 that is immediately used. February 23 Paid a courier $18 to deliver merchandise sold to a customer, terms FOB destination. February 25 Paid $10.90 Shipping charges (transportation-in) on merchandise purchased for resale, terns FOB shipping point. These costs are added to merchandise inventory, February 27 Paid 554 for postage expenses. February 28 The fund had $25.71 remaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures, February 28 The petty cash fund amount is increased by $130 to a total of $490. 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 the journal entry to establish the petty cash fund. View transaction list Home Question 3 Soved Help Sav 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 the journal entry to establish the petty cash fund. View transaction list Journal entry worksheet 1 Wrote a $360 check to establish a petty cash fund. Note: Enter debits before credits Debit Credit Date General Journal February 02 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required 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. (Round your answers to 2 decimal places.) NAKASHIMA GALLERY Petty Cash Payments Report (for February) Delivery expense Mileage expense Postage expense 0.00 Merchandise inventory (transportation-in) 0.00 Office supplies expense 0.00 Total # Pro Next Required 1 Required 2 Required 3 Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers places.) View transaction list 1 Record the reimbursement of the petty cash fund. 2 Record the increase of the petty cash fund. i Credit Note : journal entry has been entered