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 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 $15.75 that is imediately used. 9 Paid $32.50 COD Shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashine uses the perpetual system to account for merchandise inventory 12 Pald 37.25 postage to express mail a contract to a client 14 Reimbursed Adina Sharon, the manager, 567 for business mileage on her car. 20 Purchased stationery for $66.77 that is inmediately used. 23 Paid a courier $21 to deliver merchandise sold to a customer, terms FOB destination 25 paid $11.50 COD shipping charges on merchandise purchased for resale, terns FOB shipping point. 27 Paid $92 for postage expenses. 28 The fund had $24.23 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged then for a check to reimburse the fund for expenditures 28 The petty cash fund amount is increased by $150 to a total of $500. 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 Sort the payments into the appropriate categories and total the expenditures in each category 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. Required 1 Required 2 Required 3 Prepare the journal entry to establish the petty cash fund. View transaction list Journal entry worksheet 1 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 General Journal Debit Credit Date Feb 02 I Record entry Clear entry View general Journal