Cameron Co. established a $186 petty cash fund on January 1, 2023. One week later, on January 8 , the fund contained $36.09 in cash and receipts for these expenditures: postage, $52.08; transportation-in, $33.48; store supplies, $40.67; and a withdrawal of $23.68 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 Ivule: triler uevils velure crealls. 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. 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? Overstated Understated