Saved Nakashima Gallery had the following petty cash transactions in February of the current year Feb. 2 wrote a sase 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 $14.35 that is innediately used. 9 Paid $40.se coD shipping charges on nerchandise purchased for resale, terms FO8 shipping point Peid 54e, 5ocoo sheeing charges on nenchandise purchased for resale, teres FoB shipplng point. Nakashima uses the perpetual systes to account for merchandise invento Paid $8.15 postage to express mail a contract to a client 14 Reinbursed Adina Sharon, the manager, $74 for business mileage on her car. 2e Purchased stationery for $68 77 that is innediately used 23 Paid a courier $16 to deliver nerchandise sold to a custoner, terns FOB destination 25 Paid $11.40 shipping charges on merchandise purchased for resale, terms FOB shipping point. 27 Paid 551 for postage expenses 28 The fund had $2s.96 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reiaburse the fund for expenditures. 28 The petty cash fund omount is increased by s11e to a total of s460. 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 1Required 2 Required 3 Prepare the journal entry to establish the petty cash fund View transaction list Journal entry worksheet Wrote a s3s0 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier