Wrote a $350 check to establish a petty cash fund. Note: Enter debits before credits. Prepared a company check for $350 to establish the petty cash fund. Note: Enter debits before credita. \begin{tabular}{|l|l|l|l|l|l|} \hline \multicolumn{5}{|c|}{ CHAVEZ COMPANY } \\ \hline \end{tabular} May 1 Prepared o compahy check for $350 to establish the petty cash fund. May 15 prepared a conpany check to replenish the fund for the following expenditures made 51 ince May 1. May is a. Paid $109.20 for janitorial expenses. May 15 b. Paid $89,15 for hisceltaneous expenses. May 15 c. Pald postage expenses of $60.90. May 15d. Paid $80.0L to Facebook for advertising expense. May is e. Coanted $26.84 rebaining in the petty cashbox. May 16 prepared a coepany check for $200 to increase the fund to 1550. Hay 31. The petty cashier reports that 3370.27 cash rewains in the fund. A coepany check is oraun to replenish the fund tor the following expenditures nade since May 15 . May 31 f. Dass postage expenses of $59.10. May 31 g. Reitbursed the office nanager for siteage expease, 34, as. May 31 h. Paid .44 .50 in delivery expense for products to a custoener, teras foe destination. totat of $500. Required: Prepare journal entries to establish the fund on May t, to replenish it on May 15 and on May 31 , ond to refiect any increase or decrease in the fund balance on May 16 and Moy 31 . From Chavez Company's Accounting Records Additional Information Required information [The following information applies to the questions displayed below] Chavez Company most recently reconclied its bank statement and book balances of cash on August 31 and it reported two checks outstanding. Number 5888 for $1,000 and Number 5893 for $490. Check Number 5893 was still outstanding as of September 30 . The following information is available for its September 30 reconciliation. CHAVEZ COMPANY Bank Reconciliation September 30 Bank statement balance Book balance Add: Add: Deduct: Deduct: \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} Adjsted bank balance \$ 0 0 Adjusted book balance $ Additional Information (a) Check Number 5904 is correctly drawn for $2,067 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,028. (b) The NSF check stown in the statement was originally recelved from a customer, S. Nilson, in payment of her account. its return has not yet been recorded by the company. (c) The collection of the note on September 30 is not yet recorded by the company. Prepare journal entries to adjust the book balance of cash to the reconciled balance. lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Nakashima Gallery had the following petty cash transactions in February of the current year. Nokashima uses the perpetual system to account for merchandise inventory. February 2 Wrote a $3 sa check to establish a petty cash fund. February 5 Purchased paper for the copier for $16.35 that is innediately used. February 9 Paid $36.50 shipping charges (transportation-in) on merchandise purchased for resale, terms fos shipping point. These costs are added to perchandise inventory. February 12 . Paid $8.65 postage to deliver a contract to a client. February 14 Reimbursed Adina Sharon, the manager, $69 for mileage on her car. February 26 Purchased office paper for $66.77 that is immediately used. February 23 Pald a courler $19 to deliver merchandise sold to a customer, terms foe destination. february 25 paid $11.30 shipping charges (transportation-in) on merchandise purchased for resale, terms foe shipping point. These costs ore added to merchandise inventory. February 27 Paid $54 for postage experises. February 28 The fund had $24.50 remaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged then for a check to reimburse the fund for expenditures. February 28 The; petty cash fund anount is increased by 590 to a total of $440. 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 (b) reimburse and (b) increase the fund amount. 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 23456 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding. Number 5888 for $1,000 and Number 5893 for $490. Check Number 5893 was still outstanding as of September 30 . The following information is available for its September 30 reconciliation. From Chavez Company's Accounting Records Additional Information (a) Check Number 5904 is correctly drawn for $2,067 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,028. (b) The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. February 2 Wrote a $35 a check to establish a petty cash fund. February 5 purchased paper for the copier for $16.35 that is imnediately used. February 9 Paid $36.50 shipping charges (transportation-in) on merchandise purchased for resale, terms fob shipping point. These costs are added to merchandise inventory. February 12 Paid $8.05 postage to deliver a contract to a client. February 14 Reimbursed Adina Sharon, the manager, $69 for nileage on her car. February 20 - Purchased office paper for $66.77 that is immediately used. February 23 Paid a courier $19 to deliver merchandise sold to a customer, terms fos destination. february 25 Paid $11.30 shipping charges (transportation-in) on merchandise purchased for resale, terms fos shipping point. These costs are added to nerchandise inventory. February 27 Paid \$54 for postage expenses. February 28 The fund had $24,50 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. February 28 The petty cash fund amount is increased by $90 to a total of $440. 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