Problem $6-3$A $($Algo$)$ Establishing, reimbursing, and increasing petty cash LO P$2$

Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory.

February $2$Wrote a $$360$ check to establish a petty cash fund.February $5$Purchased paper for the copier for $$14\mathrm{.}35$ that is immediately used.February $9$Paid $$38\mathrm{.}50$ shipping charges $($transportation$-$in$)$ on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory.February $12$Paid $$7\mathrm{.}15$ postage to deliver a contract to a client.February $14$Reimbursed Adina Sharon, the manager, $$70$ for mileage on her car.February $20$Purchased office paper for $$67\mathrm{.}77$ that is immediately used.February $23$Paid a courier $$23$ to deliver merchandise sold to a customer, terms FOB destination.February $25$Paid $$10\mathrm{.}90$ shipping charges $($transportation$-$in$)$ on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory.February $27$Paid $$57$ for postage expenses.February $28$The fund had $$22\mathrm{.}79$ 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.February $28$The petty cash fund amount is increased by $$60$ to a total of $$420.$