Saved Help 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 ts Feb. 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 $16.15 that 1s 1mmediately used. 9 paid S38.50 shipping charges on nerchandise purchased for resale, teres ros ahipping point. Nakashima eBook uses the perpetual system to account for merchandise inventory 12 Paid $8.75 postage to express mail a contract to a client. 14 Reinbursed Adina Sharon, the manager, $67 for business mileage on her car. 20 Purchased atationery for $67.77that is inmediately used. 23 Paid a courier $16 to deliver merchandise sold to a cuatomer, terma FOB deseination 25 Paid $10.70 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Print References 27 Paid sS4 for postage expenses 20 The fund had $21.51 zemaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reisburse the fund for expenditurea. 28 The petty cash fund amount is increased by $110 to a total of $470. 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 requred 2 to both (a) reimburse and (b) increase the fund amount Saved View transaction list Journal entry worksheet Wrote a $360 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 K Prev5 of 7 Next> F7 F9 8 9 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 approp categories and total the expenditures in each category. (Round your answers to 2 decimal places.) NAKASHIMA GALLERY Petty Cash Payments Report (for February) Delivery expense ook Print Mileage expense erences Postage expense Merchandise inventory (transportation-in) Office supplies expense Total K Prev 5 of 7 Next> View transaction list 8 ts Journal entry worksheet eBook Print References Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 iew transaction list Journal entry worksheet Record the increase of the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 Prev 5 of 7 Next