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. Nakashima uses the perpetual system to account for merchandise inventory. Feb. 2 Wrote a $350 check to establish a petty cash fund. 5 Purchased paper for the copier for $14.75 that is immediately used. 9 Paid $42.50 ahipping charges (transportation-in) on merchandise purchased for resale, terms rol shipping polat. These costs are added to merchandise inventory. 12 Paid $7.25 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $65 for mileage on her car. 20 Purehased office paper for $68.77 that is inmediately used. 23 Paid a courier $15 to deliver merchandise sold to a customer, terms FOB destination. 25 Paid $10.50 shipping charges (transportation-in) on merchandise purchased for reale, terms Fon shipping point. These cost: are added to merchandise inventory. 27 Paid $58 for postage expenses. 28 The fund had $22.59 reaaining in the petty cashbox. Sorted the petty cash receipts by accounta affected and exehanged them for a check to reimburse the fund for expenditures. 28 The petty cash fund amount is increased by $70 to a total of $420. 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 supplies expense. 3. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. Complete this question by entering your answers in the tabs below. 28 The petty cash fund amount is increased by $70 to a total of $420. 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 supplies expense. 3. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. Complete this question by entering your answers in the tabs below. Prepare the journal entry to establish the petty cash fund. 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 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 decima nlarnel) Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, post expense, merchandise inventory (for transportation-in), and office supplies expense. (Round your answers to 2 dec places.) 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 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 joutnal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits. 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 Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal piacesi) Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before-credits: Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 deeimal places.) Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Prepare the foumal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal placesc) Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answnrs to 2 decimal places,) Journal entry worksheet Record the increase of the petty cash fund. Note: Enter debits before credits