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Problem 6-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year Feb. 2 Wrote a $360 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. ints S Purchased bond paper for the copier for $16.35 that is immediately used. 9 Paid $34.50 cod shipping charges on merchandise purchased for resale, terms POB shipping point. Nakashima uses eBook the perpetual systen to account for merchandise inventory 12 Paid $8.05 postage to express mail a contract to a client. 14 Reinbursed Adina Sharon, the manager, $73 for business nileage on her car. 20 Purchased stationery for $67.77 that is innediately used. 23 Paid a courier $22 to deliver nerchandise sold to a custoner, terms FOB destination. References 5 Paid $10.20 COD 27 Paid $59 for postage expenses shipping charges on merchandise purchaned for resale, terma FOB shipping point. remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reinburse the fund for expenditures 28 The petty cash fund anount is increased by $50 to a total of $410. 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) reimburse and (b) increase the fund amount. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3

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