Cameron Co. established a $180 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $34.95 In cash and receipts for these expenditures: postage, $50.40, transportation in, $32.40; store supplies, $39.35; and a withdrawal of $22.90 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 Record the entry to reimburse the fund. Note: Enter debits before credits. General Journal Debit Date January 08, 2020 Credit Analysis Component: If the January 8 entry to reimburse the fund were not recorded and financial statements were prepared for the month of January would profit be over- or understated? Understated Overstated