Cameron Co. established a $178 petty cash fund on January 1, 2023. One week later, on January 8, the fund contained $34.57 in cash and receipts for these expenditures: postage, $49.84; transportation-in, $32.04; store supplies, $38.91; and a withdrawal of $22.64 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, 2023 General Journal Debit Credit 7

Jim Catrieron, the owner Cameron uses the perpotual method to account for merchandise inventory. a. Prepare the joumal entry to establish the fund on January 1 Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. b. Prepare a summary of the petty cash payments and record the entry to reimburse the fund on danisary a Journal entry worksheet Record the entry to reimburse the fund. Note: Enter debits before credits