4 Palmona Co establishes a $200 petty cash fund on January 1, On Jenuary 8,the fund shows $38 in cash along wat following expenditures: postage, $74 transportation-in, $29, delivery expenses, $16, and miscellaneous expenses, $43. Palmona uses the perpetual system in accounting for merchandise inventory 10 Prepare journal entries to () establish the fund on January 1,.(2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $450 on January 8, assuming no entry in part 2. (Hint Make two separote entries for part 3) View transaction list Journal entry worksheet 2 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits. Date Jan 01 Next > K Prev 4 of 12 Fo Palmona Co. establishes a $200 petty cash fund on January 1. On January 8, the fund shows $38 in cash along with receipts for the following expenditures: postage, $74; transportation-in, $29, delivery expenses, $16 and miscellaneous expenses, $43. Palmona uses the perpetual system in accounting for merchandise inventory. 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 $450 on January 8, assuming no entry in part 2. (Hint: Make two separate entries for part 3.) View transaction list Hint Journal entry worksheet Record the reimbursement of the petty cash fund. Jan 08 Prev 4 of 12 Next > DOLL Help Se 4 Palmona Co. establishes a $200 petty cash fund on January 1. On January 8, the fun foll d shows $38 in cash along with receipts for the lowing expenditures: postage, $74, transportation-in, $29, delivery expenses, $16, and miscellaneous expenses, $43. Palmona uses the perpetual system in accounting for merchandise invent ory 10 points Prepare journal entries to () establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $450 on January 8, assuming no entry in part 2. (Hint: Make two separate entries for part 3) ion list Hint Journal entry worksheet Print Record the reimbursement of the petty cash fund. Date Jan 08 K Prev 4 of 12 Next DOLL Week 6-Chapter 8 6 4 Palmona Co. establishes a $200 petty cash fund on January 1. On Janua following expenditures: postage, $74; transportation-in the perpetual system in accounting for merchandise inventory ry 8, the fund shows $38 in cash along with receipts for the n, $29, delivery expenses, $16; and miscellaneous expenses, $43. Palmona uses 10 Prepare journal entries to () establish the fund on January 1,(2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $450 on January 8, assuming no entry in part 2. (Hint Make two separate entries for part 3) Hint Journal entry worksheet Record the increase of the petty cash fund Note: Enter debits before Debit Jan 08 DOLL