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Nakashima Gallery fond the following petty cath transactions in Fetrruacy of the current yeor, t4aknshima uses the pecpetumi systipm to account for merchandise inventory. Tebruary a Wrote a 13 as eheek to entabi twh a netty eanh tund Februaxy g paid 534.50 ohipping eharges (trannportation-in) on merehandise porehased tor resalin. teran ron whiping point. Thene cont are added to werehandine Lnventory. Webruary 12 Fald $7.45 postage to deliver a contrant to: a ditent. February 14 Meliburned ralina sharon, the manoger, 572 for mileage on har car, February 20 Turehased offiee paper for $67,77 that is imthediateiy uned. February 23 Pate a courier \$19 to deliver merehandise sold to a cuntomer, terma pon deatination. Februaxy 25 Paid $1160 mhipping charges (trannportation-in) on merchandine putehaned fot resale, tarme Fom ehipping point. Thene conts are added to merchandise inventory. February 27 Faid $53 for pontage expensea. Febraary 28 The fund had 523.21 remaining in the petty dashbox. Sorted the petty canh recelpta by aceethes affected and exchanged them for a oheek to reimburse the fund for expendituren. February 20 The petty eath fund amount in inereased by $110 to a total of $450. 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 xpense, merchandise miventory (for transportation-in), and office supplies expense. 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. (nincets ) NAKA BHAMA OALLEHY Petty Cast Paymente Pepert (tar Fobruary)

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