TUP Sau 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 $340 check to establish a petty cash fund. 5 Purchased paper for the copier for $16.15 that is immediately used. Paid $30.50 shipping charges (transportation-in) on marchandise purchased for resale, tornaron ahipping point. These costs are added to merchandise inventory. 12 Paid $7.75 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $67 for mileage on her car. 20 Purchased office paper for $69.77 that is immediately used 23 Paid a courier 517 to deliver merchandise sold to a customer, terma ron destination. 25 Paid $11.30 shipping charges (transportation-in) on merchandise purchased for renale, tornaron shipping point. These costs are added to merchandise inventory. 27 Paid $55 for postage expenses. 28 The fund had $23.82 remaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures. 28 The petty cash fund amount is increased by $80 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. Required 1 Required 2 Required 3 Prepare the journal entry to establish the petty cash fund. View transaction list Journal entry worksheet