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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 $360 check to establish a petty cash fund. 5 Purchased paper for the copier for $15.55 that is immediately used. 9 Paid $42.50 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. 12 Paid $8.45 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $74 for mileage on her car. 2e Purchased office paper for $67.77 that is immediately used. 23 Paid a courier $22 to deliver merchandise sold to a customer, terms FOB destination. 25 Paid $11.99 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. 27 Paid $56 for postage expenses. 28 The fund had $24.70 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 $100 to a total of $460. Journal entry worksheet 2 Record the reimbursement of the petty cash fund. Note: Enter debits before credits Date General Journal Debit Credit Feb 28 Journal entry worksheet Record the increase of the petty cash fund. Note: Enter debits before credits. Date General Journal Credit Debit Feb 28 View general journal Clear entry Record entry

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