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February 2 Wrote a $368 check to establish a petty cash fund. February 5 Purchased paper for the copier for $14,55 that is imediately used. February 9 Paid $34.50 shipping charges (transportation-in) on merchandise purchased for resale, terms foB shipping point. These costs are added to merchandise inventory. February 12 Paid $7.65 postage to deliver a contract to a client. February 14 Reimbursed Adina Sharon, the manager, $72 for mileage on her car. February 20 Purchased office paper for $69.77 that is immediately used. February 23 Paid a courier $18 to deliver merchandise sold to a customer, terms fog destination. February 25 Paid $11.40 shipping charges (transportation-in) on merchandise purchascd for resale, terms-Foa shipping point. These costs are added to merchandise inventory. February 27 Paid $53 for postage expenses. February 28 The fund had $22.32 remaining in the petty cashbox, sorted the petty cash receipts by accounts affected and exchanged them for a check to reinburse the fund for expenditures. February 28 The petty cash fund amount is increased by $70 to a total of $430. 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. Complete this question by entering your answers in the tabs below. Prepare the joumal entries for required 2 to both (a) reimburse and (b) increase the fund amount. Note: Round your answers to 2 decimal places

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