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Nekima Gallery had the following petty cash transactions in February of the current year. Nekimas the perpetual system to account for merchandise inventory Sched paper tor 16. that 10.30 h fuerte Popis point the conteared to handle story 12 mil. tertent Hered Nina Sharon, the manager for alle har de costo delle mani molto a customer er destination 23 MB 310.90 POR 2 2 The had este are access to toe. They fundon messed by a total of 4 2. Prepare a peny cash payments report to February well these categories delivery expense, mirage expense. postagens merchandise inventory for transportation in and office supplies expense 2. Pre the ones for reed 2 bol burse and to increase the fund amount Journal entry worksheet > Wrote a $360 check to establish a petty cash fund. Note: Enter debts before credits General Journal Debit Credit Date Feb 02 Prepare a petty cash payments report for February with these categories delivery expense age perse postage expense, merchandise inventory for transportation, and office supplies, and your nees 10 de NAKASHIMA GALLERY Petty Cuth Payments Report Per Delivery D. Offer weerster were were the fundament pour ass Journal entry worksheet D Record the increase of the petty cash fund. te: Enter debits before credits. Date General Journal Feb 28 Debit Credit Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. Peb. 2 Wrote a $360 check to establish a petty cash fund. 5 Purchased paper for the copier for $16.15 that is immediately used. 9 Paid $30.50 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. 12 Paid $8.25 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $73 for mileage on her car. 20 Purchased office paper for $67.77 that is immediately used. 23 Paid a courier $18 to deliver merchandise sold to a customer, terms FOB destination. 25 Paid $10.50 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 $26.30 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 $120 to a total of $480. 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. 3. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount Journal entry worksheet 1 Wrote a $360 check to establish a petty cash fund. Note: Enter debits before credits. General Journal Debit Credit Date Feb 02 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. (Round your answers to 2 decimal places.) NAKASHIMA GALLERY Petty Cash Payments Report (for February) Delivery expense Mileage expense Postage expense 0.00 Merchandise inventory (transportation-in) 0.00 Office supplies expense 0.00 Total Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal places. View transaction list Journal entry worksheet 2 Record the reimbursement of the petty cash fund. Note: Enter debits before credits. General Journal Debit Credit Date Feb 28 Record the increase of the petty cash fund. ote: Enter debits before credits. General Journal Debit Credit Date Feb 28

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