Nakashima Gallery had the following petty cash transactions In February of the current year. Feb. Wrote a $358 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. Paid $32.50 CcoD shipping charges on nerchandise purchased for resale, terns FOB shipping point. Nakashima uses the account rorrcandas Baid 75stan nt Reinbursed Adina Sharon, the manager, $69 for business mileage on her car. 1 deliver rarchandise sold to a custoner, terns FOB destination. 25 Paid $11.60 cOD shipping charges on nerchandise purchased for resale, terns FOB shipping point. 28 The fund had $24.11 remaining in the petty cash box, Sorted the petty cash receipts by accounts affected and exchanged them The k to re tre fundorp to a total of $430. Required: 1. Prepare the lournal entry to establish the petty cash fund. 2 Prepare a petty cash payments report for February with these categorles: delivery expense, mileage expense, postage expense. merchandise Inventory (for transportation-In), and office supplies expense. Sort the payments Into the appropriate categorles and total 3 Prepare the lournal entries for requlred 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 establish the petty cash fund. Vlew transaction list Journal entry worksheet Wrote a $350 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier Note: Enter debits before credits. General Journal Date Debit Credit Feb 02 Nakashima Gallery had the following petty cash transactions In February of the current year. Feb. 2 Wrote a $358 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 $16.75 that is innediately used. 9 Paid $32.5e cOo shipping charges on merchandise purchased for resale, terns FOB shipping point. Nakashima uses the perpetual system to account for merchandise imventory. 12 Paid $8.75 postage to express mail a contract to a client 14 Reinbursed Adina Sharon, the manager, $69 for bus iness mileage on her car. 28 Purchased stationery for $67.77 thatt is imediately used 23 Paid a courier $16 to deliver merchandise sold to a custoner, terns FOB destination 25 Paid $11.60 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. 27 Paid $53 for postage expenses. 28 The fund had $24.11 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 $88 to a total of $430 Required: 1. Prepare the Journal entry to establish the petty cash fund. 2 Prepare a petty cash payments report for February with these categorles: delivery expense, mileage expense, postage expense. merchandise inventory (for transportation-In), and office supplies expense. Sort the payments Into the appropriate categorles and total the expenditures In each category 3. Prepare the lournal entrles for required 2 to both (a) relmburse and (b) Increase the fund amount Complete this question by entering your answers in the tabs below. Required 3 Required 1 Required 2 Prepare a petty cash payments report for February with thesee 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.) NAKA SHIMA GALLERY Petty Cash Payments Report (for February) Delivery expense Mileage expense Postage expense Merchandise inventory (transportation-in) Office supplies expense Total Nakashima Gallery had the following petty cash transactions in February of the current year Feb. 2 Wrote a $358 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper forr the copier for $16.75 that is innediately used 9 Paid $32.5e coD shipping charges on nerchandise purchased for resale, terns FOB shipping point. Nakashima uses the perpetual system to account for merchandise imventory. 12 Paid $8.75 postage to express mail a contract to a client 14 Reinbursed Adina Sharon, the manager, $69 for bus iness mileage on her car. 28 Purchased stationery for $67.77 that is imediately used 23 Paid a courier $16 to deliver merchandise sold to a custoner, terns FOB destination 25 Paid $11.60 COD shipping charges on nerchandise purchased for resale, terns FOB shipping point 27 Paid $53 for postage expenses 28 The fund had $24.11 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 $88 to a total of $430 Required: 1. Prepare the Journal entry to establish the petty cash fund. 2 Prepare a petty cash payments report for February with these categorles: dellvery expense, mileage expense, postage expense. merchandise inventory (for transportation-In), and office supplies expense. Sort the payments Into the appropriate categorles and total the expenditures In each category. 3. Prepare the journal entries for required 2 to both (a) relmburse 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 entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal places.) Vlew transaction llat Journal entry worksheet 2 Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28
