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. View transaction list Journal entry worksheet 1 Record the entry to establish the fund. Note: Enter debits before credits. Date January 01, 2020 General Journal Debit Credit Record entry Clear entry View general journal