Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $340 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper for the copier for $16.55 that is immediately used. 9 Paid $44.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory. 12 Paid $8.75 postage to express mail a contract to a client. 14 Reimbursed Adina Sharon, the manager, $74 for business mileage on her car. 20 Purchased stationery for $68.77 that is immediately used. 23 Paid a courier $23 to deliver merchandise sold to a customer, terms FOB destination. 25 Paid $11.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. 27 Paid $51 for postage expenses. 28 The fund had $22.81 remaining in the petty cash box. 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 $70 to a total of $410. 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
| Nakashima Gallery had the following petty cash transactions in February of the current year. |
| Feb. | 2 |
Wrote a $340 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. |
|
| 5 |
Purchased bond paper for the copier for $16.55 that is immediately used. |
||
| 9 |
Paid $44.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory. |
||
| 12 |
Paid $8.75 postage to express mail a contract to a client. |
||
| 14 |
Reimbursed Adina Sharon, the manager, $74 for business mileage on her car. |
||
| 20 |
Purchased stationery for $68.77 that is immediately used. |
||
| 23 |
Paid a courier $23 to deliver merchandise sold to a customer, terms FOB destination. |
||
| 25 |
Paid $11.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. |
||
| 27 | Paid $51 for postage expenses. | ||
| 28 |
The fund had $22.81 remaining in the petty cash box. 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 $70 to a total of $410. |
|
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. (Round your answers to 2 decimal places.) |
Follow the picture.
![## Nakashima Gallery
### Petty Cash Payments Report (for February)
**Expense Categories:**
- **Delivery Expense**
- [Blank for data entry]
- [Blank for data entry]
- **Mileage Expense**
- [Blank for data entry]
- **Postage Expense**
- [Blank for data entry]
- [Blank for data entry]
- **Merchandise Inventory (Transportation-in)**
- [Blank for data entry]
- **Amount:** 0.00
- **Office Supplies Expense**
- **Date:** Feb. 20
- [Blank for data entry]
- **Amount:** 0.00
**Total:**
- [Blank for data entry]
- **Amount:** 0.00
This template is structured to help track and organize petty cash expenses for the month, with specific sections for various types of expenditures. Each category has fields for entering relevant amounts and dates.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F69f101d4-1a46-44d1-ad51-7c5cb367782b%2F01742f76-651a-4b98-ac27-a62b00ac7290%2F8l5msdf_processed.jpeg&w=3840&q=75)
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