Problem 6-3A Establish, reimburse, and increase petty cash LO P2 [The following information applies to the questions displayed below.] Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $350 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 immediately used. 9 Paid $40.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory. 12 Paid $8.85 postage to express mail a contract to a client. 14 Reimbursed Adina Sharon, the manager, $73 for business mileage on her car. 20 Purchased stationery for $67.77 that is immediately used. 23 Paid a courier $19 to deliver merchandise sold to a customer, terms FOB destination. 25 Paid $10.20 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. 27 Paid $57 for postage expenses. 28 The fund had $24.51 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 $60 to a total of $410. Problem 6-3A Part 1 Required: 1. Prepare the journal entry to establish the petty cash fund. View transaction list Journal entry worksheet Wrote a $350 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. Note: Enter debits before credits. Date General Journal Debit Credit Feb 02 Record entry Clear entry View general journal Problem 6-3A Part 3 3. Prepare the journal entries for part 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 12 Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 Record entry Clear entry View general journal