Cameron Co$.$ established a $$170$ petty cash fund on January $1,2023.$ One week later, on January $8,$ the fund contained $$33\mathrm{.}05$ in cash and receipts for these expenditures: postage, $$47\mathrm{.}60$; transportation$-$in$,$ $$30\mathrm{.}60$; store supplies, $$37\mathrm{.}15$; and a withdrawal of $$21\mathrm{.}60$ 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 $1.$