Blues Music Center had the following petty cash transactions in March of the current year. Blues uses

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Blues Music Center had the following petty cash transactions in March of the current year. Blues uses the perpetual system to account for merchandise inventory.

Mar. 5 6 11 Wrote a $250 check to establish a petty cash fund. Paid $12.50 shipping charges

12 14 18 27 28 30 31 31 Purchased office file folders for $14.13 that are immediately used. Reimbursed Bob

Required
1. Prepare the journal entry to establish the petty cash fund.
2. Prepare a petty cash payments report for March with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense.

3. Prepare the journal entries for part 2 to both (a) Reimburse  (b) Increase the fund amount.

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