4 part question

Exercise 6-6 Petty cash fund accounting LO P2 Palmona Co. establishes a $170 petty cash fund on January 1. On January 8, the fund shows $77 In cash along with recelpts for the following expenditures: postage. $39; transportation-in, $12; dellvery expenses, $14; and miscellaneous expenses, $28. Palmona uses the perpetual system in accounting for merchandise Inventory Prepare Journal entries to (1) establish the fund on January 1. (2) relmburse it on January 8, and (3) both reimburse the fund and Increase It to $220 on January 8, assuming no entry In part 2. (Hint: Make two separate entries for part 3.) View transaction list. Journal entry worksheet 1 2 3 4 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record eetry Clear entry View general journal Palmona Co. establshes a S1/0 petty cash fund on January 1. On January 8, the fun following expenditures: postage. $39; transportation-In, $12; delivery expenses, $14, the perpetual system in accounting for merchandise Inventory Prepare journal entries to (1) establish the fund on January 1, (2) relmburse It on Janu Increase it to $220 on January 8, assuming no entry In part 2. (HInt: Make two separa View transaction lnt Import a new list Prepare the journal entry to establish the Petty Cash fund. 1 Record the reimbursement of the petty cash fund. 2 3 Record the reimbursement of the petty cash fund. Record the increase of the petty cash fund. 4 Credit Note: journal entry has been entered Record entry Clear entry View general journal aw