Nakashima gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory.

Ch 06 PG-3a Sare Help Save & Buit Submit Check my work 1 10 DO Problem 6-3A (Algo) Establishing, reimbursing, and increasing petty cash LO P2 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 $40 check to establish petty cash fund February 5 Purchase per for the copler for $16.3 that is Imediately used etirar old 3.0 hlorine chart (transportation in) on werchandler porchosed for resale te vor petre point. These costs are trade inventory February 17 Pald 58.5 postage to deliver a contratto client February 14 tisured in Sharon, the manage, 572 for where retruary 20 Purchased office paper for 100.77 that mediately wed February> Pald couler 116 Todellerhande sold to customer to destination Ioruary 25 al 10.79 Neing contacto: in) on merchandise purchased for me to co spolne polit. There costs are added to chanse tentory February 27 Paid $59 for starten February at the rund 2022 rentals in the retty box, tarted the petty cash receloto by counts offected a rechanged thes for a check to riskurse the farmers February The petty cast fondant is increased by 511 to a total of $450. 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 fupplies expense 3. Prepare the journal entries for required 2 to both remburse and to increase the fund amount 1 Che Required: Required 2 Required Prepare the journal entry to establish the petty cash fund 10 Doints View transaction list Journal entry worksheet ACH 1 thence Wrote a $340 check to establish a petty cash fund. liter debit before redit General doomal be C Date February 02 Help Save 1 Heged Required 2 Heures Prepare a petty cash payments report for February with these categories: de very expensement post expense, merchandise inventory (for transportation-in), and office supplies en ond your arms 102 places) 10 points MAKASHIMA GALLERY Petr Cassament Report to Powy - Delivery expense Mileage expense rences Postage pense Merchandise inventory aportation in Once wollen 1 Required Required 2 Tequired Prepare the journal entries for required 2 to both (a) rimburse and (b) increase the fundament places) 10 Doints View transactions Journal entry worksheet Record the rembursement of the petty cash fund. Gonoral Journal De Da February 20