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 $15.75 that is immediately used. February 9 Paid $38.50 shipping charges (transportation-in) on merchandise purchased for resale, terms fOB shipping point. These costs are added to merchandise inventory. cebruary 12 Paid $8.75 postage to deliver a contract to a client. =ebruary 14 Reimbursed Adina Sharon, the manager, $67 for mileage on her car. =ebruary 20 Purchased office paper for $68.77 that is immediately used. =ebruary 23 Paid a courier $18 to deliver merchandise sold to a customer, terms fOB destination. =ebruary 25 Paid $11.60 shipping charges (transportation-in) on merchandise purchased for resale, terms fOB shipping point. These costs are added to merchandise inventory. =ebruary 27 Paid $59 for postage expenses. cebruary 28 The fund had $25.31 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. =ebruary 28 The petty cash fund amount is increased by $140 to a total of $490. Requlred: 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. 3. Prepare the journal entrles for required 2 to both (a) reImburse and (b) Increase the fund amount. Prepare the journal entry to establish the petty cash fund. Journal entry worksheet Wrote a $350 check to establish a petty cash fund. Note: Enter debits before credits. 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.) Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal places.) Journal entry worksheet 2 Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Journal entry worksheet Record the increase of the petty cash fund. Note: Enter debits before credits