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Cameron Co. established a $176 petty cash fund on January 1, 2023. One week later, on January 8 , the fund contained $3419 in cash

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Cameron Co. established a $176 petty cash fund on January 1, 2023. One week later, on January 8 , the fund contained $3419 in cash and receipts for these expenditures: postage, $49.28; transportation-in, $31.68; store supplies, $38.47; and a withdrawal of $2238 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. 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 answers to 2 decimal places.) Journal entry worksheet Record the entry to reimburse the fund. Note: Enter debits before credits

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