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 $16.35 that is inediately used. February 9 Paid $34.50 shipping charges (transportation-in) on merchandise purchased for resale, terms fos shipping point. These costs are added to merchandise inventory. February 12 Paid $7.35 postage to deliver a contract to a client. February 14 Reinbursed Adina Sharon, the manager, $75 for mileage on her car. February 20 Purchased office paper for $67.77 that is innediately used. February 23 Paid a courier $21 to deliver merchandise sold to a customer, terms FoB destination. February 25 Paid $11.38 shipping charges (transportation-in) on merchandise purchased for resale, terms foB shipping point. These costs are added to merchandise inventory. February 27 Paid $56 for postage expenses. February 28 . The fund had $21.71 remaining in the petty cashbox. Sorted the petty cash receipta by accounts affected and exchanged then for a check to reimburso the fund for expenditures. February 28 . The petty cash fund amount is increased by $140 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 categoties: delivery expense, mileage expense, postage expense, merchandise inventory (for tansportation-in), and office supplies expense. 3. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. Prepare the fournal entry to establish the petty cash fund. Journal entry worksheet Wrote a $350 check to establish a petty cash fund. Notei Enter debits before credits. axpense, merchandise inventory (for transportation-in), and office supplies expense. (Round your answers to 2 decimal places.) Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter iebits before credts. Prepare the journal entrtes for requirod 2 to both (a) relmburse and (b) increase the fund amount: { found your answers to 2 idecimat ploces, Journal entry worksheet