12 1 Cameron Co. established a $156 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $30.39 in cash and receipts for these expenditures: postage, $43.68; transportation-in, $28.08; store supplies, $34.07; and a withdrawal of $19.78 by Jim Cameron, the owner. Cameron uses the perpetual method to account for merchandise inventory. a. Prepare the journal entry to establish the fund on January 1. points eBook View transaction list View journal entry worksheet Print No Date General Journal Debit Credit References 1 January 01, 2020 No Transaction Recorded