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 $350 check to establish a petty cash fund. February 5 Purchased paper for the copier for $15.15 that is immediately used. February 9 Paid $44.50 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. February 12 Paid $7.65 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 $69.77 that is immediately used. February 23 Paid a courier $17 to deliver merchandise sold to a customer, terms FOB destination. February 25 Paid $10.70 shipping charges (transportation-in) on merchandise purchased for resale, terms FoB shipping point. These costs are added to merchandise inventory. February 27 Paid $52 for postage expenses. February 28 The fund had $23.45 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 $70 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. 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.) Complete this question by entering your answers in the tabs below. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal places.)