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Cameron Co established a $200 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $46.85 in cash and

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Cameron Co established a $200 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $46.85 in cash and receipts for these expenditures postage $51.60; transportation-in, $35.00, store supplies, $4155; and a wit rawal of $25.00 by Jim Cameron, the ownet. Cameron uses the perpetual method to account for merchandise inventory a. Prepare the journal entry to establish the fund on January 1 View transactions Journal entry worksheet

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