Cameron Co. established a $168 petty cash fund on January 1, 2023. One week later, on January 8 , the fund contained $3267 in cash and receipts for these expenditures: postage, $47.04; transportation-in. $30.24; store supplies, $36.71; and a withdrawal of $21.34 by Jim Cameron, the owner. Cameron uses the perpetual method to account for merchandise inventory. o. Prepare the joumal entry to establish the fund on January 1. Journal entry worksheet b. Prepare a summary of the petty cash payments and record the entry to reimburse the fund on January 8. (Round your onswors to 2 decimal places.) Journal entry worksheet Anolysis Component: If the January 8 entry to reimburse the fund were not recorded and financiat statements were prepared for the month of. January. would profit be over-or understated? Understated Overstated