Nakashima Gallery had the following petty cash transactions In February of the current year to exit full screen Press 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 $32.58 COD shipping charges on nerchandise purchased for resale, terns FOB shipping point. Nakashima uses the perpetual systen to account for nerchandise inventory 12 Paid $8.75 postage to express mail a contract to a client. 14 Reinbursed Adina Sharon, the manager, $69 for business 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 customer, 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: 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 requlred 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 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 0.00 Merchandise inventory (transportation-in) 0.00 Office supplies expense 0.00 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 coo shipping charges on nerchandise purchased for resale, terns FOB shipping point. Nakashima uses the perpetual systen to account for nerchandise inventory 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 customer, 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 $80 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 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 Required 2 Required 3 Prepare the journal entry to establish the petty cash fund. View tranaaction lat Journal entry worksheet
