Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. Feb. 2 Wrote a $350 check to establish a petty cash fund.5 Purchased paper for the copier for $16.55 that is immediately used.9 Paid $38.50 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory.12 Paid $7.25 postage to deliver a contract to a client.14 Reimbursed Adina Sharon, the manager, $74 for mileage on her car.20 Purchased office paper for $68.77 that is immediately used.23 Paid a courier $19 to deliver merchandise sold to a customer, terms FOB destination.25 Paid $10.40 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory.27 Paid $55 for postage expenses.28 The fund had $25.95 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 $90 to a total of $440.