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Nakashima Gallery had the following petty cash transactions in February of the current year Feb

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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 paper for the copier for $14.35 that is immediately used. 9 Paid $38.50 COD shipping charges on merchandise purchased for resale, terns you shipping point. Nakashima uses the perpetual system to account for merchandise inventory. 12 Paid $8.55 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $70 for mileage on her car. 20 Purchased stationery for $68.77 that is immediately used. 23 Paid a courier $23 to deliver merchandise sold to a customer, terms FOB destination 25 Paid $11.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. 27 Paid $53 for postage expenses. 28 The fund had $23.27 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 $110 to a total of $460. 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) reimburs? and (b) increase the fund amount Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Prepare the journal entries for required 2 to both (a) reimburse and (b) Increase the fund amount. (Round your answers to 2 decimal places.)
1 2 Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Date Debit Credit Feb 28 70.00 49.60 23.00 General Journal Mileage expense Merchandise inventory Delivery expense Postage expense foffice supplies expense Cash over and short Cash 61.55 83.12 Record entry Clear entry View general Journal