Cameron Co. established a $174 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $33.81 in cash and receipts for these expenditures: postage, $48.72; transportation-in, $31.32; store supplies, $38.03; and a withdrawal of $22.12 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 View journal entry worksheet No Date General Journal Debit Credit 1 January 01, 2020 No Transaction Recorded