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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 $348 check to establish a petty cash fund. 5 Purchased paper for the copier for $15.95 that is immediately used. 9 Paid $34.se shipping charges (transportation-in) on merchandise purchased for resale, terns FOB shipping point. These costs are added to merchandise inventory. 12 Paid $7.25 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $66 for mileage on her car. 28 Purchased office paper for $67.77 that is immediately used. 23 Paid a courier $19 to deliver merchandise sold to a customer, terns Fos destination. 25 Paid $12.12 shipping charges (transportation-in) on merchandise purchased for resale, terns FOB shipping point. These costs are added to merchandise inventory. 27 Paid $54 for postage expenses. 28 The fund had $25.99 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. 28 The petty cash fund amount is increased by $110 to a total of $450. Required: 1. Prepare the journal entry to establish the petty cash fund. 2. Prepare e petty cash payments report for February with these categories: delivery expense, milesge 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

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