Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year Teb. 2 Wrote a $360 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 $16.55 that is immediately used Paid $36.50 COD shipping charges on merchandise purchased for resale, teme POS shipping point. Nakashima u the perpetual system to cent for merchandise inventory 12 Paid 58.05 posts to express mal contract to a ellest, 14 Reimbursed Miss Sharon, the manager, 54 for business ileage on her ear. 20 Purchased stationery for $67.77 that diately and 23 Paid a cor $18 to deliver merchandise sold to a customer, ters FOB destination. 25 Paid 510.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. 27 Pald 552 for postage expenses. 28 The fund had $26.25 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged then for a check to ro s e the fund for expenditures 28 The petty cash fund is increased by 990 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 de very expense, mileage expense, postage expense merchandise inventory for transportation in and office supplies expense Sort the payments into the appropriate categories and total the expenditures in each category 3. Prepare the journal arties for required 2 to both reimburse and increase the fund amount Complete this question by entering your answers in the tabs below Prev 104 Next > GODIO OSSOLOMBO 166 MacBook Pro