-22:00 Palmona Co. establishes a $240 petty cash fund on January 1. On January 8, the fund shows $131 in cash along with receipts for the following expenditures: postage, $49; transportation-in, $10; delivery expenses, $12; and miscellaneous expenses, $38. Palmona uses the perpetual system in accounting for merchandise inventory. . ok ht Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $290 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. ht View transaction list nces Journal entry worksheet